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.
No changes
Open Position Notes:
CBT shrugged off today’s market weakness and continued higher by another 2.5% to build on its breakout. While I like the follow through this one is finally starting to show, I particularly liked the increased volume which accompanied today’s climb. My stop will remain as-is heading into tomorrow in order to give this one some room to fluctuate. If it exhibits additional strength, I’ll look to make an adjustment.
MDVN tested the highs again today but couldn’t bust through them. Instead, it gave up a little ground on light volume, essentially respecting yesterday’s trading range. I still like this setup and the potential it holds, and I’ve already adjusted my stop, so I’ll stick with my existing parameters for this trade heading into Wednesday.
VNO posted an inside day on light volume today, pulling back to test the breakout zone. Although I’d have rather seen it sprint higher, this is probably healthy action and thus far is not cause for alarm. I’m sticking with my original stop loss for now, but will be on watch for strength to resume soon.
Closed Positions:
No closed positions.
