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 & ATML closed – 100% cash
Open Position Notes:
No open positions.
Closed Positions:
KKR pushed through Target 1 on Thursday, and Friday started out with some strength as well with the stock making a new high. However, the volume sagged, and once profit-taking kicked in, it made for a negative reversal in the stock. I had raised my stop for remaining shares to $15, and that stop was hit to take me out of the trade for an overall net gain of 3.4%. Not bad for a few days, and the stock remains healthy so I’ll keep it on the radar in case it sets up again.
ATML gapped higher on Friday again, and quickly hit Target 1 on its way higher. I closed 1/2 my position there, and not too long after the stock ran right to Target 2, allowing me to book remaining profits right where it topped out there for the day. Overall, this trade produced a quick gain of 8.6%, so I’m out and pleased. Technically, it behaved great with strong volume and a steady run all the way to the measured move out of the ascending triangle pattern. They don’t get much better than that!
