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.
CRM triggered
Open Position Notes:
COH rallied throughout the morning before leveling off in the afternoon, and again this stock tested the upper area of its channel and held. While I’d much prefer to see it heading lower within the channel, the fact that it still hasn’t broken out is to be noted here. I’m going to stick with it with my original trade parameters and see if the move I’m expecting takes place. If not, I’ll stop out and let it go.
CRM triggered a short sale today after a downside gap left it opening beneath my intended trigger price. As per my gap rules, I took a reduced position size but still went with the trade. From there, the stock headed a bit lower, never challenging the opening gap. Combined with Tuesday’s downside reversal, this appears to be a meaningful short-term change of character for the stock which should benefit this trade. I’m leaving my stop as-is for now while waiting for follow through.
Closed Positions:
No closed positions.
