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Around the Horn: Stocks to Watch for May 7
By Adrian Manz | Published  05/7/2007 | Stocks | Unrated
Around the Horn: Stocks to Watch for May 7

On Monday, we will keep an eye on the high-fliers among the Financials, with a particular interest in Franklin Resources (BEN) which left an Infield Fly setup on the daily chart Friday. A move below the session low (around 134.30) will have us considering short sale opportunities.

Dean Foods Co. resolved Thursday’s Fast Ball setup with a Backdoor Slider which will have us looking at a move below the Thursday low to signal a potential short side trading opportunity.

Franklin Resources


Dean Foods Co


Johnson Controls (JCI) left an Infield Fly setup on Friday, and will be on our list of short sale candidates on Monday.

Johnson Controls Inc.


Finally, Las Vegas Sands will be on our radar for a move lower on the heels of Friday’s Fast Ball implosion which has the stock perched on the last bit of support before a move that could test support in the mid 70’s.

Las Vegas Sands


P.S. Join me and a dozen professional traders in the TraderInsight.com War Room. Click here for your free 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.