Around the Horn: Stocks to Watch for July 12

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By Adrian Manz | Published 07/12/2007 | Stocks | Unrated

Around the Horn: Stocks to Watch for July 12

On Thursday, we will watch shares of Alcan Aluminum (AL) for a Sinker reversal move after an attempt to move higher reverses and takes out the close.

Bunge Ltd (BG) is a Switch Hitter setup with potential for a move up to recent resistance above 87.20 if buying pressure returns on Thursday.

Finally, Banco Itau Holding is a Sinker candidate for Thursday, with a move above the high of Thursday followed by a reversal move through the close of interest to us as a short sale entry.

Alcan Aluminum

Bunge Ltd

Banco Itau

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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.

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