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.
FFIV stop tightened, PLD triggered, JOE added
Open Position Notes:
FFIV hit Target 1 on Tuesday with a nice breakdown, and rebounded a bit in today’s session. It did back off its highs in the afternoon, which I found encouraging today. I’ve tightened my stop for remaining shares essentially to breakeven, allowing the stock some room to fluctuate while waiting for a continuation toward Target 2 in the coming days. So far, I like the progress in this one and I’ll be patient with it for now. Earnings are due out on 10/26 (Tuesday afternoon), and I will definitely be out of the stock by then, even if it involves sending out an intraday alert email.
PLD triggered a buy today as it cleared the descending trend line at $12.80. The stock pushed steadily higher and got within 1% of Target 1, but backed off in the afternoon from its best levels. Today’s pick up in upside volume is encouraging, so I’m going to stick with my existing trade parameters heading into tomorrow and see how this one acts. Not a bad start today, but I’d like to see some follow through soon.
Closed Positions:
No closed positions.
