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.
Stops raised
Open Position Notes:
SWK built upon yesterday’s strength with a solid advance today, hitting new highs and finishing near its best level of the day. This stock appears to now be leaving the base behind, and that’s encouraging. I’ve raised my stop for this one tonight, as it’s been a little sluggish to get going and volume isn’t thus far confirming the breakout (I’d like to see it above-average). My stop is now set just beneath Tuesday’s close, as a move down beneath that level would close the gap and at this point I don’t want to see that occur (it would also be a breakout failure).
CSX edged slightly higher, and now sits just a short distance from Target 2. Perhaps it can reach it tomorrow, as it wouldn’t take much. I’ve raised my stop again for remaining shares in order to lock in a solid gain either way. This one needs to rest, but hopefully it’ll pop just a little more first.
MOLX moved higher today to hit another high with some modest expansion in volume. I’ve raised my stop tonight to reduce risk, using the uptrend line as my stop. This breakout is so far a little slow, but there’s still room to run higher, so let’s see what happens.
Closed Positions:
No closed positions.
