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.
BEAV triggered, MFC added
Open Position Notes:
LZ attempted to rally today for a little while, but in the final hour came under pressure again to finish in the red. I continue to like the price action in this trade, as the stock is struggling to catch a lasting bid and still looks headed for lower prices. I’ve already adjusted my stop to breakeven, and will look to make another adjustment if and when Target 1 is reached – and that’s not far away.
BEAV triggered a buy this morning as it turned up through the descending trend line which had been marking the pace of the recent pullback. Today’s advance through the $34.60 level points to a short-term turning point, and the stock now appears free to rally in the short term. I’ll be watching this one closely and will make adjustments along the way, but I’m pleased with today’s action. If we see some decent follow through in the next couple of days – particularly on expanding volume – I’ll look to adjust my stop at that point in time.
Closed Positions:
No closed positions.
