Around the Horn: Stocks to Watch for September 18

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By Adrian Manz | Published 09/18/2006 | Stocks | Unrated

Around the Horn: Stocks to Watch for September 18

Arch Coal (ACI) left a Backdoor Slider on Friday and should see little downside support before 26.69 which coincides with a minor monthly support range from more than a year ago and Mondayâ�,��"�s S2 region. If it breaks the Friday lows, we will be looking to short the stock.

Believers in Fib extension reversals should see some downside potential in Ball Corp (BLL). The stock is in an Infield Fly reversal setup, and will be on the radar for a Monday move.

Arch Coal

Ball Corp

Although the retail sector (rlx.x) closed the day in positive territory, Fortune Brands (FO) left an Infield Fly and looks ready to roll if retail fails to follow through during the Monday session.

Fortune Brands

The broker/dealers (XBD.X) are also rather extended, and Lehman Brothers Holdings (LEH) is an Infield Fly waiting to fall. We will watch the sector and the stock on Monday for signs of a reversal.

Lehman Brothers Holdings

Moodyâ�,��"�s Corp (MCO) had a Fast Ball expansion of range and volume Friday. The strong close and lack of overhead resistance have this one on the watch list for Monday as well.

Moodyâ�,��"�s Corp

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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