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.
Open Position Notes:
FOSL began Friday with some nice relative strength as it made a new high for the week while the indexes began to sell off. However, the broad weakness took its toll on this one, and it ended up sliding lower for the remainder of the session as it built a bearish engulfing bar on the daily chart with expanding volume. This stock is still above recent support, so I’m willing to stay with it for now using my existing stop loss level, but this reversion back into the base suggests it may need more time to get moving.
Closed Positions:
No closed positions.