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.
GDP triggered, YONG added
Open Position Notes:
GET continues to narrow in its price action, refusing to commit to a move in either direction. I’m staying patient with this one while waiting to see if it will head lower or not. My stop is in place just in case.
GDP triggered a buy today as it crossed above resistance at $30.50 and initially headed higher. The strength quickly dissipated though, and the stock settled into a trading range for a while, staying close to the breakout area. Today’s lack of follow through isn’t yet a concern, though I’d of course rather have seen a big pop. For now, I’m going to stick with the trade and see what the coming days bring, and I’ll leave my stop as-is for now after seeing it validated with today’s low.
No closed positions.