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.
LBTYA triggered, PAAS revised
Open Position Notes:
LBTYA triggered a buy today as it cleared the descending trend line highlighted in last night’s Bandit Broadcast, but volume was quite light and the stock didn’t hold the breakout. By the end of the day, it had finished slightly negative on the day. Although it didn’t finish far from my trigger price, the fact remains that these kind of breakout failures rarely produce quick recoveries. As a result, I’ve tightened my stop tonight in case this one happens to show further weakness in the days ahead. Perhaps it can strengthen again on better volume and get going, but for now it looks vulnerable to a pullback after today’s failed trend line break.
Closed Positions:
No closed positions.
