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.
PXP & SLB triggered
Open Position Notes:
PXP triggered a buy Friday as it gapped slightly through my intended entry price (by 5 cents), pulled back to fill the opening gap, then turned higher to finish not far from its highs. Price closed above the trend line, and made a multi-week high, which was encouraging. Volume sagged a bit, which I’d like to see change in the coming days, but overall I continue to like this setup and will stick with it for now. with my existing trade parameters while I wait for follow through.
SLB triggered a buy Friday as it also gapped through the breakout zone, but it held its ground and added a little by day’s end, finishing at its best level since August. Here again, volume was a bit lacking, but overall I like this play and therefore am not looking to make any adjustments yet. I’d like to see it build on Friday’s breakout, but there’s room for it to run so I’ll sit tight for now.
Closed Positions:
No closed positions.
