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.
EBIX & SFLY stops tightened, RCL & EMR added
Open Position Notes:
EBIX edged higher again on Friday to tag new recovery highs, finishing just a short distance from its best levels of the session despite a slight downtick in volume. This one also pulled back to test the $24 area (was Target 1) and held, which was encouraging. I’ve tightened my stop a bit more this weekend in order to lock in additional gains should this one happen to reverse, otherwise I’m looking for a push to Target 2 in the next couple of days based on this very positive price action.
SFLY struggled Friday with a mild pullback after testing Thursday’s high, but the stock finished off its worst levels and marked its 4th straight higher low on the daily chart since last week. I’ve tightened my stop again on this one to reduce risk while waiting for it to make another attempt at a push higher. This is the kind of setup that can really ramp, but for the moment it’s still lacking that spark to get going.
Closed Positions:
No closed positions.
