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.
AA stopped
Open Position Notes:
No open positions.
Closed Positions:
AA gapped higher on Friday morning, pushing past Thursday’s high to hit my adjusted stop right on the nose. That took me out of this trade for a very small 1.2% loss, although the stock did fill the gap and finish lower on the session. I’m a bit frustrated to have gotten taken out of this position, but one thing that has kept me in the game so long is that I don’t ignore my stops. This stock continues to flirt with the breakdown area from last Tuesday, and is still above short-term support, so I’ll keep it on the radar in case this range tightens again and a new play presents itself. For now, the stock appears range-bound and therefore reluctant to show follow through just yet.
