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.
ESRX closed Wednesday
Open Position Notes:
No open positions – 100% cash.
Closed Positions:
ESRX ran nicely higher from its trigger last Friday into Tuesday’s close, pushing through Target 1 (+5.5%) and had approached Target 2 before a gap down Wednesday stopped me out. I had adjusted my stop Tuesday night aggressively, and was thus taken out of the 2nd half of this trade on Wednesday’s open at $47.32. That gave me a net gain of 5.7% on the trade, which I’m pleased with for just a few days. The stock has since entered pullback mode but may set up again, in which case I may relist it. For now, I’m out with a solid gain and back to cash.
