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:
GRMN triggered a buy on Thursday with a turn higher through the descending trend line at $47.25, and held it on the close. Volume expanded a bit, although it wasn’t exactly impressive. Then on Friday we saw the stock edge higher with an inside day on reduced volume. This is a positive start in that it’s now above the trend line and attempting to turn back up, but it’s not displaying the same kind of thrust to the upside we’ve seen out of similar pullback patterns in the stock over the past few months. I’m suspending judgement for now and leaving my stop as-is heading into Monday’s session, as I still like this play and don’t yet see cause for an adjustment. I’d like to see some follow through accompanied by improved volume in the next couple of days to add to my conviction in this trade.
Closed Positions:
No closed positions.
