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.
P triggered, EBIX added
Open Position Notes:
COH recovered from a weak morning to rally into positive territory by the closing bell, stopping once again just shy of the key $62 area. That’s a bit of a concern to me being short, although for now the channel remains intact. I would have expected to see another attempt at a move lower within the range, but thus far that hasn’t happened, so it could be that I’m stopping out of this one with a bit more strength. I’m leaving my stop as-is and will exit if and when it is reached. Could be that another test here without a breakout finally brings some selling, but we’ll see.
CRM weakened a bit more this morning, but then reversed higher. Ultimately, it closed under Wednesday’s open, keeping this trade in the green and respecting the gap created yesterday. I’m going to stick with this trade for now and see if it produces some follow through.
P triggered a buy today as it showed some nice morning strength and then held its gains nicely in the afternoon. The stock finished a bit shy of its highs, but I liked how it held above the $10.50 trigger price despite a few shallow dips in the afternoon. That adds validity to the level, so we’ll see if it can show some continuation on the upside now.
Closed Positions:
No closed positions.
