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.
KKR Target 1 hit & stop raised, ATML stop raised
Open Position Notes:
KKR headed lower this morning, stopping just 5c shy of hitting my stop. That level was clearly valid, as the stock then turned and rallied sharply higher, hitting Target 1 to take me out of 1/2 my position for a quick 4.1% gain. I’ve raised my stop tonight for remaining shares to just beneath intraday afternoon support, and otherwise will be watching for follow through toward Target 2 in the days to come. Nice volume pickup today, but particularly the price action was solid. So far, so good.
ATML rallied today on more strong volume, although it was slightly beneath yesterday’s levels. The stock made its progress mid-morning, and then consolidated for the final few hours of the day. That could lead to some follow through tomorrow if the consolidation is resolved to the upside, so I’ll be watching for some acceleration higher if today’s high gets cleared. The stock is marking new highs, and that’s encouraging. I’ve raised my stop a bit tonight to just beneath today’s bar in order to reduce my risk now that the stock is trying to get going.
Closed Positions:
No closed positions.
