On Thursday Accenture Limited (ACN) had what I refer to in Around the Horn as a Baltimore Chop open. The stock gapped up two standard deviations of its average true range and reversed, making for a nice morning fade. As with most gaps nowadays, ACN recovered later in the session and managed a strong close and left a Line Drive pattern on the daily chart. The stock will be on the radar for follow through on Friday.
FMC Technologies, Inc (FTI) had a Switch Hitter day and looks to be set up for a move lower Friday. We will watch oil and gas (XOI.X) for clues as to the timing of a short side entry.
Leasing specialist GATX Corp (GMT) made a Fast Ball move higher Thursday, leaving a low range consolidation firmly in the dust. We will be watching for follow through Friday.
Accenture Limited

FMC Technologies, Inc

GATX 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.