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Around the Horn: Stocks to Watch for December 6
By Adrian Manz | Published  12/6/2006 | Stocks | Unrated
Around the Horn: Stocks to Watch for December 6

Tuesdayââ,¬â"¢s trading left us with a potential Sinker setup in Avon Products (AVP). The stock made a 52-week high on expanded range and volume, but was left right at resistance on the session.

Energizer Holdings Inc left a Fast Ball expansion of range and volume after a multiweek pullback left the stock sitting on August 2006 support/resistance and just above the 20-period Simple Moving Average.  We will be looking for an advance on strength in the consumer sector.

Avon Products

Energizer Holdings Inc

Forest Laboratories Inc is back on our watch list.  That stock made a Fast Ball move on heavy volume and is poised to attempt a breakout of the October range highs. We will closely watch the healthcare and biotechnology sectors prior to taking a position in FRX.

Forest Laboratories Inc

In retail, CarMax Group (KMX) had a Fast Ball move to new highs. Although the stock did nothing wrong in putting the move together, the overextended nature of the market has us looking at this one for its potential as a sinker setup.  We will be looking for a pullback in the retail sector to provide a clue as to the beginning of a reversal move.

CarMax Group

He transports continue to mount an impressive move, and we will keep watching the rails, with a particular interest in Norfolk Southern Corp (NSC). Todayââ,¬â"¢s Line Drive move left the stock above the 20-period Simple Moving Average for the first time in almost three weeks, and on solid ground going into Wednesday.

Norfolk Southern Corp

Finally, we will be watching lumber products giant Weyerhaeuser Co (WY) for a continuation of Tuesdayââ,¬â"¢s Fast Ball move.The stock pushed higher on a significant expansion of range and volume and had a good consolidation going into the close.

Weyerhaeuser Co

P.S. Join me and another dozen professional traders in the TraderInsight.com War Room.  Click here for your free two-week membership.

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.