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.
FLR closed, DRIV & FCX & EAT added
Open Position Notes:
AA sagged a bit today as it gave up a few cents while the indexes added incremental gains. All in all, it was another day of rest for this stock as it consolidates above the trend line it cleared last week. I’m staying patient with this one for now since earnings have already been reported, and would like to see if this consolidation is met with more strength. If so, I’ll look to make an adjustment to my stop soon. For Thursday’s session, I’ve made no adjustments.
Closed Positions:
FLR pulled back off the open this morning to test the area of my entry, and I took the opportunity to exit the trade for a very minor $0.10 loss ahead of tomorrow’s earnings announcement. The earnings gamble is never one I’m interested in taking, and with this one sitting further underwater last night, I felt the morning weakness was sufficient for closing out this trade to stand aside with major fundamental news pending. I’ll keep an eye on this one in case it sets up for another entry, as it has shown relative weakness lately, but I’d like to see the scheduled news pass first.
