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.
GS triggered, POT & APA & VRX added
Open Position Notes:
GS triggered a buy today as it cleared short-term resistance, and what a nice initial move this was. The stock had tested multi-day support (which also validated the area of my stop) this morning, then turned higher and gained momentum with excellent volume expansion. The stock finished above $105, which puts it into the so-far-unfilled gap from 11/9 with an extension up to the 108.50 area. A fill of that gap would achieve Target 1 for me, so I definitely like the way this one started out today. I’m leaving my stop as-is for now, but will look to make an adjustment upon further progress in the trade. It looks like the higher-low scenario is being embraced by both bulls (putting cash to work) and bears (covering shorts), and that’s adding to the recent momentum in the stock.
Closed Positions:
No closed positions.
