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.
SWK triggered, MON added
Open Position Notes:
SWK triggered a buy on Friday afternoon as it cleared resistance. Volume picked up slightly over Thursday, but still hasn’t truly spiked like I would prefer to see. This may be due to the late-day trigger on a Friday, so I’ll see how it acts this week. Regardless, I like the setup and am going to leave my stop as-is heading into Monday while waiting to see some follow through.
CXO pushed to a new intraday and closing high on Friday, but the strength was a bit subdued with a narrow-range day. This stock still looks poised for higher prices from this bullish pattern, so I’m going to stay with it for now while giving it a little room to fluctuate if needed.
CSX showed some nice continuation higher on Friday after Thursday’s breakout, and volume improved a bit as well. I like the strong finishes of the past two sessions as well, and this one looks ready for a push to Target 2 soon since that’s not far away. I’ll look to make an adjustment to my stop in another day or two.
SLAB bounced a bit on Friday, but held beneath its short-term high. Volume also declined with the minor lift, which is encouraging. I’m going to leave my stop as-is heading into Monday, and will respect it if this stock simply heads higher. Otherwise, it may still be carving out a lower high with the rising wedge pattern, so I’ll stay with it and see if it can show relative weakness once again.
Closed Positions:
No closed positions.
