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Around the Horn: Stocks to Watch for October 23
By Adrian Manz | Published  10/22/2006 | Stocks | Unrated
Around the Horn: Stocks to Watch for October 23

A Prudential downgrade Friday left Alberto-Culver (ACV) poised to make a move down the drain, as the stock managed to leave a Fast Ball short sale setup around 49.56 for Monday. We will keep an eye on the stock and the consumer sector throughout the session.

McGraw-Hill Companies Inc (MHP) announced that it expects its education segment to drive revenue growth to 8.7% in 2007 from 4.5% in 2006. The stock put in a consolidation day after Thursdayââ,¬â"¢s Fast Ball breakout, and is setup as a Backdoor Slider for Monday.

Torchmark Corp (TMK) reported $1.27 against estimates of $1.27 leaving the Insurance sector stock in a Backdoor Slider breakdown setup. The stock will need to break the 50-period Simple Moving Average to tweak our interest during the Monday session.

Alberto-Culver

McGraw-Hill Companies Inc

Torchmark 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.