Around the Horn: Stocks to Watch for August 30

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By Adrian Manz | Published 08/30/2006 | Stocks | Unrated

Around the Horn: Stocks to Watch for August 30

On Wednesday, I will be watching AFLAC Inc (AFL) for a reversal move to the downside. The stock left an Infield Fly just above the 50-period simple moving average on Monday and a move below this level could lead AFL back into its recent trading range.

Kimberly-Clark Corp had a consolidation Fast Ball move on good volume on Monday, and we will have the stock on screen on Tuesday. We will be watching for a move above the Monday high to trigger a long entry.

Among the retailers (RLX.X), Kohls Corp (KSS) had a pullback Fast Ball move that shows promise for some additional upward momentum with support around 62.22 on Tuesday.

Scripps (SSP) did not trigger on Monday and left a Backdoor Slider. We will use it again on Tuesday.

In the Sinker category, Vimpel-Communications (VIP) looks ready for some retracement time and will be on the watch list around here on Wednesday as well.

AFLAC Inc

Kimberly-Clark Corp

Kohls Corp

Scripps EW

Vimpel Communications

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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