Agrium (AGU) left a Fast Ball setup going into Thursday’s session and will be on our watch list for a continuation move higher, preferably after a pullback to around 40.50 which reverses and moves the stock higher.
Cabot Oil & Gas Corp (COG) appears to be in Sinker territory, as the stock has made two expansion moves and is at new highs. We will watch for a breakout attempt that fails and reverses the close as an indication of a potential short side opportunity.
Praxair Inc (PX) is also a Sinker candidate. I will look for a test of 71.05 that reverses the Wednesday close as an indication of a potential short sale opportunity.
Agrium
Cabot Oil & Gas Corp
Praxair Inc
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