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.
FBHS triggered, DLPH updated
Open Position Notes:
GRMN began the day strong right out of the gate with a quick spike past the $48 level I’ve been wanting to see it clear. However, the move was short-lived and the stock drifted back to flounder around for the rest of the day. It ultimately finished slightly higher on the session, but remains range-bound until we see a close beyond $48. Volume did improve today, which was nice to see, so I’d like to see if this one is able to make a catch-up attempt tomorrow.
FBHS triggered a buy today at the open as it crossed up through the descending trend line at $21.45. The stock was able to close above that level and make some initial progress, although volume was light and that’s not what I’d prefer to see on a turn higher like this. I’m going to wait before making any adjustments, as tomorrow we could see it build on today’s advance with some greater participation (volume). Decent start, but I’d like to see some follow through, some better volume, or both.
Closed Positions:
No closed positions.
