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.
GRA & WFM stops tightened
Open Position Notes:
GRA edged higher again today as it posted both a new intraday and closing high. However, once again it finished off its best level of the day and volume remained quiet. This one is gradually working toward Target 1, so I’m doing my best to stay patient with it. There is a small uptrend line of support which has emerged, so I’m going to now use that as my stop and tonight that’s reflected in the grid above.
WFM turned up today after pulling back in each of the previous two sessions, and the stock was able to mark a new intraday and closing high as well. What I’d like to see is a close above the prior high from 2/9 at $82.36, which is only a few cents away. That level is now a new pivot for the stock and therefore could invite more buyers into the picture. I’ve adjusted my stop tonight again incrementally, and will be using a multi-day low at this point as my adverse exit should it be needed.
Closed Positions:
No closed positions.
