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.
ATI stopped
Open Position Notes:
ADTN pulled back this morning but held above my stop, then turned higher in the afternoon to clear the resistance zone once again. I’m encouraged by this price action, although ideally it would happen on improved volume. Nonetheless, I’m interested to see if this one can now find some upside follow through. No changes to my stop.
WLL remained near the trigger price as it showed only minor gains on the day (as of this writing), and overall this stock still looks good. Perhaps if it can make a multi-day high it can get going, so I’m going to stick with it for now with my existing parameters.
**Prices incomplete below due to my early posting this evening.
Closed Positions:
ATI headed lower at the open to trigger my stop, taking me out for a 3.7% loss. The overall pattern still appears intact, however, so this was simply a case of having a stop too tight to begin with. I’m going to keep this one on the radar in case it threatens a breakout again, as I may give it another shot due to this pullback coming on very light volume. For now I’m out with a small loss.
