Around the Horn: Stocks to Watch for October 30

Popular Articles

By Adrian Manz | Published 10/30/2006 | Stocks | Unrated

Around the Horn: Stocks to Watch for October 30

On Monday, we will be watching Alcan Aluminum (AL) for a continuation of Fridayâ�,��"�s Fast Ball expansion of range and volume.

Borg-Warner Automotive Inc (BWA) is a short side Fast Ball setup. We will be looking for further market weakness to drive price lower from the close and down through the Friday low and provide a short sale opportunity. Any bounce at the 50-period simple moving average will have us covering the trade.

Alcan Aluminum

Borg-Warner Automotive Inc

Hospira Inc (HSP) is breaking lower through support in a Fast Ball move that has the stock moving below the 50-period simple moving average. HSP will be on the intraday radar throughout the Monday session.

Hospira Inc

Pentair Inc (PNR) made a Fast Ball break higher out of a nine day consolidation on Friday and will make for a good continuation candidate if the market supports a move higher on Monday. The stock has upside potential to the 32.10 mid June support.

Pentair Inc

Texas Industries Inc (TXI) left an Infield Fly on Friday and is a potential short sale setup for Mondayâ�,��"�s trading.

Texas Industries 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.

It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.