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.
WMS Target 1 hit & stop raised
Open Position Notes:
WMS rebounded well from a weak start today to reach a new recovery high, taking out Target 1 along the way (where I closed 1/2 my position). With 1/2 a position and with earnings due out Monday after the bell, I’m looking to make an exit no later than Monday. I’ve tightened my stop aggressively tonight for remaining shares, but if that is not taken out then depending on Friday’s action I may look to exit the remainder of this trade. Watch your email or Twitter for an update there, just in case.
PDCO pulled back this morning very close to my raised stop, but it was able to rebound from there and finish positive on strong volume. The stock is now challenging the recent highs, and if it can break out I like the chances for a move to the Target.
Closed Positions:
No closed positions.
