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.
FCX Target 2 hit
Open Position Notes:
No open positions – back to 100% cash waiting for new setups.
Closed Positions:
FCX triggered a buy yesterday and quickly ran through Target 1 for a quick 4.5% gain. I booked profits there and tightened my stop last night for remaining shares, only to see the stock ramp again this morning right through Target 2. I closed the remainder of my position there for a fast $4.15, which was a 9.3% profit in just 2 days. The stock was able to trade briefly higher, then pulled back for the rest of the day. It’s not all the time that trades are timed this well and work this quickly, but it’s sure nice when they do. I’m out with a fast net gain on the overall trade of 6.9%.
