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.
AKAM & CCL triggered
Open Position Notes:
CCL triggered a short sale on Friday as it undercut support at $37.85, continuing lower to finish beneath that level by the end of the session. RCL is another stock in the same group which also broke down, so I’m encouraged to see the group moving alongside this one. I’m going to leave my stop as-is for the time being and see if this one is able to continue lower in the coming days before looking to make any adjustments.
AKAM triggered a buy Friday as it pushed north of the descending trend line at $37.70 to begin another leg up. However, volume remained below average, and the market turned lower to prevent this one from being able to gain any traction on its trigger day. Initially this is a failure, as price has returned to its base, but I’m going to be patient with it for now and see if it can make another attempt since I still like the setup.
Closed Positions:
No closed positions.
