On Wednesday, I will be watching American Electric Power (AEP) for a continuation of its Line Drive move on Tuesday.

Beazer Homes (BZH) had a Line Drive move as well, and will be on our watch list if the housing sector (HGX.X) continues to find momentum.

Entergy Corp (ETR) made a Fast Ball move higher on Tuesday and closed at a new high.   If energy (DXE.X) pushes higher in early trading, we will be watching for Entergy to attempt a continuation rally.   If energy falters, however, we will be on the lookout for a Sinker setup to present itself.   Either way, ETR will definitely be on screen throughout the session.

American Electric Power

Beazer Homes

Entergy Corp

Also in the energies, Goodrich Petroleum (GDP) made a Fast Ball move higher, clearing the 50-period simple moving average in the process. We will look for signs of follow through on Wednesday.

Goodrich Petroleum

Ryder Systems left a Line Drive setup with a close at the daily high going into Wednesday. We will watch the stock for continuation throughout the trading day.

Ryder Systems

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.