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.
HFC stop tightened, SFLY added
Open Position Notes:
EBIX pushed higher again this morning but balked once again in the area of the December high. This stock has shown some hesitation in the past couple of sessions after having a real shot at accelerating higher, which is a bit of a concern. Volume was a bit lacking today, which may have contributed to the lack of follow through, but the weak finish points to a lack of conviction on the part of buyers. I’ve already tightened my stop and will leave it as-is for tomorrow’s session while waiting for some upside continuation.
HFC continued higher today despite a small reduction in volume, moving to a new recovery high. I’ve tightened my stop again on this trade to breakeven, giving it a little room to fluctuate though in case it needs it. I’ll look to make another adjustment if this one can reach Target 1.
Closed Positions:
No closed positions.
