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.
AA triggered, ANR added
Open Position Notes:
AA triggered a short entry today as it undercut the rising trend line at $16.60, and moved steadily lower into the close. Volume also picked up today, and combined with a finish at the lows of the day, suggests some urgency on the part of sellers. This stock appears to have just created a lower high on the daily chart, so I like the prospects here for follow through and will be watching for a move toward my targets in the coming days. I’ll leave my stop as-is for tonight, but if Target 1 is hit tomorrow, will update my stop via Twitter for remaining shares.
Closed Positions:
No closed positions.
