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.
JOE triggered
Open Position Notes:
FFIV hit Target 1 on Tuesday, but since then has bounced a bit. I tightened my stop last night in order to reduce my risk, and today that stop was able to hold. The stock bounced slightly, but overall I still like the play and intend to stick with it heading into Friday. This one is due to report earnings Tuesday afternoon, so I’ll make an exit prior to then somehow. If the stock doesn’t stop out, I’ll look to make a discretionary exit, so keep an eye out for that via Twitter or email, whichever you prefer.
PLD showed some nice initial strength yesterday after triggering an entry, but since then the stock has slid back down beneath the trend line. I’m going to leave my stop loss as-is heading into Friday, but would much prefer this one get going again soon, as currently it seems to have lost its strength. Perhaps this is a shake-out type of move before strength returns, but I suppose we’ll see soon enough one way or another.
JOE triggered a short entry today as it undercut the $20.20 level to confirm the bear pennant pattern I have been watching. The stock did bounce slightly from there, but overall remains weak from a technical standpoint and I still like this play. I’m going to leave my stop as-is heading into Friday.
Closed Positions:
No closed positions.
