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.
FSLR stopped
Open Position Notes:
No open positions.
Closed Positions:
FSLR rolled over yesterday with a downgrade and some nice relative weakness to the NAZ, and the trade appeared to be taking shape nicely as it resisted the recent market strength. Today however, the company had some positive news of a new contract with PG&E, sending the stock running higher with a push through last week’s highs. This triggered my stop to take me out of the trade for a 3.5% loss, which is disappointing given the nature of this upside reversal on news. This stock is still in technically poor shape, so I’ll watch for another pattern to emerge in the days and weeks ahead. Today’s strength deserves respect, so I’ll stand aside for now.
