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.
KKR & ATML triggered
Open Position Notes:
KKR triggered a buy today as it crossed the trend line at $14.60, but the stock slipped enough to fill most all of Monday’s gap. That was a healthy move, and it also held above my stop, helping to validate short-term support. The stock rallied back enough to finish down only a few cents on the day, so while I don’t like the failed breakout attempt on day 1, I do appreciate the technical action and the rebound from the day’s lows. I’ll give it at least another day or two to see how it responds before looking to make any adjustments.
ATML triggered a buy today with a push through $12.70, and this stock was also able to shake off a test of the downside with an afternoon rally which took it out at the highs of the day. Volume picked up with today’s breakout, so I’ll be watching for follow through in the days ahead, keeping my stop as-is heading into Wednesday.
Closed Positions:
No closed positions.
