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.
STT & PBR triggered, HOC added
Open Position Notes:
STT triggered a buy on Friday as it cleared the trend line at $45, opening the door for a new leg higher to begin. Volume picked up with the advance in price, although the stock did finish off its best levels of the session. Nonetheless, this appears to be a solid start, so I’ll stick with my existing trade parameters heading into Monday.
PBR triggered a short sale Friday as it undercut the rising trend line at $48, but ultimately the stock bounced back to finish back above that level and net positive on the day. These failed-bounce candidates sometimes require some patience to change directions, so I’m going to leave my trade parameters as-is heading into Monday. If the bounce continues, I’ll abide by my stop loss.
Closed Positions:
No closed positions.
Hi,
Found this on a scan this weekend. Ticker is NCS, break of a downtrend and break thru 50 dma with increased volume. Stop $1.95 and target price $2.95. Any comments welcome and a happy new year to all! Let’s make it a great year.
Tom
Hey Tom!
Thanks very much for sharing this setup, looks to be turning the corner after making a multi-month high out of the recent base. Follow through will be the key, but it does appear that $2.95 is a prior key level and therefore a nice zone to keep an eye on. Hope it runs for you.