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.
TIE stopped
Open Position Notes:
ATPG spent much of the day not far from Wednesday’s closing levels, with the exception of a mid-day slide which took it down nearly to my stop loss. That level was held though, and this stock ultimately recovered from the dip in the afternoon. I had planned to raise my stop if today this one showed hesitation, but the session low is just a dime above my current stop, so I’m leaving it as-is heading into Friday.
Closed Positions:
TIE gapped higher this morning, only to reverse and move into negative territory where it stopped me out for a 2.9% loss. This is yet another head fake from what was a sound setup, which is disappointing, but a reminder to avoid breakout-type plays for the time being. Given that this one cleared resistance and simply failed, I’ll avoid it for the time being.
