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:
RAX headed lower today right out of the gate with a gap down and some nice continuation on the downside, triggering a short entry for me as it undercut the $18.90 level. Mid-day, the stock bounced back up to test the breakdown level for a while, further validating that area on the chart as important. The late-day market strength took this one with it though, lifting it further from its worst level of the day. The stock is struggling to break down hard, which is no big surprise given the widespread market strength, but I do still like its relative weakness to the market – and today especially. I expect this one to roll back over if we see any relent in the rally, so I’m sticking with my existing stop loss heading into Friday.
Closed Positions:
No closed positions.
