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.
ATPG added, TIE triggered, DRI stopped
Open Position Notes:
TIE triggered a buy today as it moved up through short-term resistance at the $20.55 level. This one had backed away significantly on Monday, but I left it on the list in case it happened to return to strength in this fashion. I liked today’s pickup in volume as well, and although it finished just a few cents above my trigger, it looks good for a continued push higher in the days to come.
Closed Positions:
DRI kept trying to break down in recent days, but just couldn’t get it done. After a pair of inside days, it seemed last night as though the stock was gearing up for a move one way or the other. Today we saw that indecision resolved to the upside as the strong market gave this one a lift. I stopped out for a tiny 1.1% loss, which isn’t bad considering how stubborn this one was to move lower. I’ll leave it alone for now, as it just doesn’t want to go and has no clear-cut pattern here.
