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.
ARBA stop tightened
Open Position Notes:
ARBA gapped lower this morning but rebounded quickly to fill it, then trended steadily higher for a few hours. The pace of the advance stalled a bit late in the session, but the stock held up extremely well after today’s run. Volume also picked up from yesterday’s levels, although it remained below average. I tightened my stop for this trade tonight now that Target 1 is nearing, and I’ll look to tighten it more aggressively if and when the first target is reached. I like the action here so far, and the stock now appears to have a good shot at moving back up within its short-term range.
Closed Positions:
No closed positions.
