Around the Horn: Stocks to Watch for August 10

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By Adrian Manz | Published 08/10/2006 | Stocks | Unrated

Around the Horn: Stocks to Watch for August 10

The insurance and financials were down on Wednesday, leading to a Fast Ball setup at the 20- and 50-period simple moving average convergence in American International Group (AIG).

Auto parts retailer Autozone Inc (AZO) had a Fast Ball day of its own, with a cascade into the close that has the stock setup for Thursdayâ�,��"�s trading. We will be particularly interested if a morning range establishes a clear resistance zone in which to set a stop loss.

American International Group Inc

Autozone Inc

Cooper Companies Inc (COO) left a low level Backdoor Slider on Wednesday and will be on the radar on Thursday as well.

Cooper Companies Inc

A daily Breaking Ball setup has Getty Images Inc (GYI) perched on the edge of another move lower. The next support on a weekly time frame presents at 42.06.

Getty Images Inc

Illinois Tool Works Inc (ITW) also had a Fast Ball move lower on Wednesday and will be on screen as a potential short sale on Thursday.

Illinois Tool Works Inc

Adrian Manz is the author of Around The Horn: A Trader's Guide To Consistently Scoring In The Markets and is cofounder of TraderInsight.com. Email him at adrian@traderinsight.com.

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