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 triggered
Open Position Notes:
TIE moved higher off the open today, getting within $0.10 from Target 1, only to reverse and finish negative on the day. I’m going to give this one a bit more time to see if today’s reversal is simply a headfake, so I’ll leave my stop as-is heading into Thursday.
ATPG triggered a buy today as it cleared the trend line shown in last night’s Broadcast at $13.75, and initially it moved well above that zone. However, it backed off its best levels of the day to finish just slightly below the trend line. Volume picked up only slightly with today’s strength, but not nearly as much as I would like to have seen. I’m going to give this one another day to see if follow through arrives, but if it shows hesitation again, I’ll most likely look to raise my stop.
Closed Positions:
No closed positions.
