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.
MGM target 1 hit & stop raised, HFC added
Open Position Notes:
EBIX tested the area of my stop again today without hitting it, then lifted into positive territory by day’s end. Volume remained light, however, which may have prevented a bigger advance. Nonetheless, this is still a bullish setup and I’m watching for some upside follow through in the days ahead.
MGM rebounded from a shaky start to the day and then trended steadily higher, hitting Target 1 late in the session where I closed half my position for a solid 6.2% gain. I’ve tightened my stop for remaining shares while waiting for a push toward Target 2, but I like how this one is acting as it moves farther from the breakout zone and on strong volume. Excellent price action.
Closed Positions:
No closed positions.
