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.
TNB added
Open Position Notes:
No open positions, 100% cash.
Closed Positions:
No closed positions.
Hi Jeff,
ACS caught my eye on a scan I did today. For learning purposes would this setup yesterday be of interest for a long trade. Say a stop at 51.60 and entry on a break of the downtrend say 52.50 or so. Profit target 54.50 then next target 55.75.
Hi Tom,
Thanks for sharing this one! It worked out well and hope you caught it. The late-Sept gap was soon tested but never filled, and now it appears the stock is trying to rally from that new support area of $51.20. My preference would be to place a stop just under that in expectation of the gap holding. I also like your $55.75 2nd target – that’s just shy of the current highs and a good spot to book gains if approached.
Good eye, keep ’em coming!
Jeff
Nope never caught it just saw it today. Trying to get a feel for these types of trades. Thanks for the reply.