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.
No changes
Open Position Notes:
GRA finally started to pull out of its quiet multi-day range on Friday with a turn higher in price and some minor volume expansion as well. It posted a new 52-week high on a closing basis, although it stopped shy of its intraday high from 2 Thursdays ago ($57.08). I’m encouraged by Friday’s action, and now would like to see some acceleration higher to really confirm that it’s back on the move, so I’ll watch for that these next few days.
WFM challenged its highs from the week on Friday, but light volume prevented it from making any meaningful headway and by the closing bell it had pulled back to finish only up a few cents on the session. This one remains range-bound, but it’s still not far from highs. That’s encouraging, although I’d like to see it resolve this indecision to the upside with a return of strong volume. For now, the waiting game continues as the stock sits just slightly above its trigger price.
Closed Positions:
No closed positions.
