The Hit List is a look at our current swing trading positions. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered. Click post title to view print-friendly link.
ATI & WLL triggered
Open Position Notes:
ADTN ran quickly higher at the open today, but couldn’t hold its ground and faded back to finish slightly lower on the session. This one is still holding in the upper portion of its channel, so I’m going to stick with it for now. I’m eager to see how it acts with some market strength, but for now the wait continues. No changes to my stop as of yet.
ATI headed higher mid-morning to trigger a buy today, but volume wasn’t sufficient to sustain the breakout and the stock dipped back below short-term resistance by the close. This pattern still looks constructive and I like the fact that if this first breakout failed that it happened on light volume. I’ll leave my stop as-is for now and see if this one can get going again in the next couple of days.
WLL triggered a buy for me at the open today by gapping slightly through my intended entry level. It was only a small amount though, so no position reduction was made (as per my Swing Trading Strategy). Here again, volume was light on the breakout attempt and the stock finished modestly lower on the day, still near the trend line. I’ll keep my existing stop in place for now and see if this one can make another attempt at a turn higher.
Closed Positions:
No closed positions.
