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:
PXP gapped down slightly today but battled back steadily intraday, working its way up to fill the gap before pushing positive to reach a new multi-month high by day’s end. The stock closed above the January high with today’s lift, despite reduced volume, which I am very encouraged by. I’m going to leave my stop as-is for now while waiting for some follow through toward Target 1.
SLB also recovered from a shaky start to fill its gap and continue higher throughout the session with a steady intraday uptrend. Today’s rally, in spite of the lighter volume, constitutes follow through on the heels of last week’s breakout, which is excellent to see. Now I’d like to see more continuation on stronger volume to really validate this move, but so far so good. I’ll wait for more progress before adjusting my stop.
Closed Positions:
No closed positions.
