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Around the Horn: Stocks to Watch for January 5
By Adrian Manz | Published  01/5/2007 | Stocks | Unrated
Around the Horn: Stocks to Watch for January 5

Alcan Aluminum (AL) did not trigger on Thursday, but left a Backdoor Slider setup going into Fridayââ,¬â"¢s trading.  We will watch the stock for signs of a shortable move lower.

Amphenol Corp (APH) made a daily Fast Ball expansion of range and volume and is in a weekly time frame Switch Hitter.  We will be watching the stock for upside on Friday.  APH is a technology sector security.

Baker Hughes Inc (BHI) was a War Room gainer on Thursday.  The stock followed through on Wednesdayââ,¬â"¢s Fast Ball, and left another one going into the Friday session.  We will be on the alert for another move and mindful of the fact that the stock can easily make .70 cent swings in early trading.  Traders who are leery of such oscillations may wish to look elsewhere for Oil and Gas setups.

Entergy Corp (ETR) made a Fast Ball move to new highs and will be on our watch list Friday as well.  The stock is setup as either a continuation or Sinker candidate.

Ditto in Retail (RLX.X), where we will look to Liz Clairborne Inc (LIZ) for a break in either direction.  The Fast Ball setup represents a 52-week high and looks to be a potential Sinker setup as well.

Alcan Aluminum

Amphenol Corp

Baker Hughes Inc

Entergy Corp

Liz Clairborne 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.