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Around the Horn: Stocks to Watch for December 18
By Adrian Manz | Published  12/18/2006 | Stocks | Unrated
Around the Horn: Stocks to Watch for December 18

The retail index (RLX.X) made a Sinker move on Friday and Abercrombie & Fitch Co (ANF) was left in an Infield Fly / Switch Hitter setup at a .382 Fibonacci retracement as a result.  We will be on the lookout for further retail weakness and a possible ANF entry on Monday.

Black & Decker Corp (BDK) missed by a mile on Friday and endured a horror movie Fast Ball move lower as a result.  We will be looking for continuation or reaction opportunities on Monday.

Duke-Weeks Realty Corp (DRE) looks ready for a move lower.  We will keep it on screen throughout the session.

Abercrombie & Fitch Co

Black & Decker Corp

Duke-Weeks Realty Corp

A potential Sinker setup in Monsanto Co (MON) will have us watching for weakness on the OpenBook throughout the session.  The company received a Goldman buy upgrade on Friday, but we will be interested in seeing if the good news move meets with some block selling.

Monsanto Co.

Temple Inland Inc. (TIN) also had a broker upgrade on Friday.  The stock traded higher on early heavy volume, but settled low in its range on the day.  We will be on the lookout for a TIN move lower on Monday as well.

Temple Inland Inc

P.S. Join me and a 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.