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.
RAX triggered & stopped
Open Position Notes:
No open positions – 100% cash.
Closed Positions:
RAX triggered a buy today as it cleared the descending trend line I’ve been watching in recent days with a push through $37.50. However, the stock (like the market) failed to attract the needed volume to continue higher and instead it headed lower from there. I’ve been waiting for this one to trigger, and had set a tight stop in case of a failure, which was hit today to take me out of the trade with a 2.6% loss. While today’s breakout attempt failed, this stock is still inside its base so I’ll keep it on watch in case it strengthens and offers another technical entry.
