Around the Horn: Stocks to Watch for October 6

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By Adrian Manz | Published 10/6/2006 | Stocks | Unrated

Around the Horn: Stocks to Watch for October 6

Allstate (ALL) is looking overbought, and put in an Infield Fly day on Thursday. We will be watching for the insurance sector (IUX.X) to confirm any downward pressure on Friday, and will look to short the stock below the Thursday low with a tight stop and an initial target around late September support/resistance.

In retail (RLX.X), Abercrombie & Fitch Co (ANF) managed to break through July 2005 resistance and left a Line Drive buy setup on the daily chart.

Allstate Corp

Abercrombie & Fitch Co

In the cyclicals (CYC.X), Deere & Co left a Fast Ball setup and will be on the radar throughout the Friday session.

Deere & Co

Yesterdayâ�,��"�s Intraday Trading Plan setup in Jefferies Group Inc (JEF) had solid follow through on Thursday and will be on our watch list for a continuation move on Friday.

Jefferies Group Inc

Wesco International (WCC) Inc ran out of steam and left an Infield Fly on the heels of consecutive Fast Ball days. We will watch for downside opportunity Friday.

Wesco International 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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