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.
FISV & IPXL triggered, MGA & CNQ added
Open Position Notes:
FISV triggered a buy today as it cleared the small trend line at $62.30. From there, it never hesitated to move higher, and gained strength for several hours before backing off slightly in the final 90 minutes of trading. This took the stock to new highs, which I’m encouraged by. I would have preferred stronger volume on today’s breakout, but price is most important and it made a solid move higher today. I’ll now be on watch for follow through in the days to come.
IPXL triggered a buy today as it turned back up and cleared Friday’s highs, signaling it’s ready to advance again after testing support (former resistance). Volume could have been more impressive today, but I’m willing to stick with this trade for now and see if it can bring some follow through in the coming days, as I do still like the overall price action.
Closed Positions:
No closed positions.
