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.
MASI & PVH triggered, RS & MTW added
Open Position Notes:
MASI triggered a buy on Friday as it crossed the trend line at $31.75, but with volume retreating from Thursday’s levels (and below average), there just wasn’t enough fuel to push the stock higher on this first attempt. My stop is still intact for now, and I’ll stay with it heading into Monday, but it could be that this one needs another shot at a turn higher. If not, I’ll abide by my stop and keep my risk in check.
PVH triggered a buy on Friday, but here again volume sagged and the stock only managed to break even on the day and finished a few cents beneath my trigger. With this being a falling wedge pattern that’s often resolved to the upside, it may take a day or two for it to get going since price can move sideways and technically break the trend line. For now, my risk is defined, and I’m going to see how this one acts on Monday before passing any further judgment.
Closed Positions:
No closed positions.
