Around the Horn: Stocks to Watch for September 7

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By Adrian Manz | Published 09/7/2006 | Stocks | Unrated

Around the Horn: Stocks to Watch for September 7

Arch Coal (ACI) had a Fast Ball move on above average volume on Wednesday and is retesting recent lows. We will have the stock on screen on Thursday, looking for a breakout move lower.

EOG Resources Inc (EOG) left a daily Fast Ball right at the neckline of a classic head and shoulders pattern. If the stock breaks lower tomorrow, we will look to short it at a break of the Wednesday low.

Hershey Foods Corp (HSY) consolidated yesterdayâ�,��"�s losses and left a Backdoor Slider on Wednesday. We will use it again on Thursday with a move below the Tuesday low serving as a trigger.

Finally, MDC Holdings Inc (MDC) made a Fast Ball move on Wednesday and may be preparing for another leg lower. We will watch the stock over the next several sessions for continuation opportunities.

Arch Coal Inc.

EOG Resources Inc

Hershey Foods Corp

MDC Holdings Inc

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

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