On Thursday, we will be watching Enterprise Products (EPD) for a move lower. The stock left a Backdoor Slider on Wednesday, and looks to have downside potential on broader weakness throughout the Thursday session.
Fortune Brands, Inc mad a Fast Ball expansion of range and volume move on Wednesday and will be on the radar for a continuation move to the upside on Thursday and Friday.
Another Backdoor Slider freefall opportunity presented itself today in Forest Laboratories Inc (FRX). We will look for any move below the Wednesday low to signal a potential short-side entry.
Enterprise Products
Fortune Brands, Inc
Forest Laboratories Inc
A Fast Ball in Legg Mason Inc. has that stock gaining significant ground on heavy volume, and will have Julie and myself looking for upside follow-through Thursday.
Legg Mason
And finally, shares of Weyerhaeuser (WYE) are poised to resume their upward momentum after a Switch Hitter pullback that saw the stock close just above the 20 period simple moving average.
Weyerhaeuser Co.
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