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.
CLR stopped
Open Position Notes:
GRMN gave up a little ground today but stayed inside yesterday’s range. That’s been par for the course of late, as this stock has made no meaningful upside since triggering a buy for me a couple of weeks ago and instead has simply moved sideways. My stop is still in place and I’m doing my best to be patient with this one, but it’s akin to watching paint dry so if it doesn’t get going in the next couple of days I may look to tighten my stop a bit.
Closed Positions:
CLR gapped lower this morning but was turned away a short time later when it attempted to start filling the gap. Instead, another wave of selling hit the stock and it turned decisively lower to stop me out for a 3.5% loss. This one showed hesitation from day 1 of the trade, and despite a few attempts at turning higher just couldn’t make it happen. Today’s close was the lowest in almost a month, so it appears this one looks ripe for a little deeper pullback. I’m out with a manageable loss, and will leave this one alone until it shapes up for another trade.
