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.
DLPH triggered, NIHD added
Open Position Notes:
GRMN flirted with $48 again today but didn’t get over the hump, finishing just $0.20 beneath that level. I’d really like to see a close above that zone, but for now the stock remains short-term range-bound so I’m waiting for a lift out of this zone to potentially spark a rally to challenge the recent high.
FBHS eased to a new high intraday, and despite backing off its best level of the day it finished positive and posted a new closing high. This setup remains bullish and looks poised for higher prices, so I’m going to sit tight for now as we head into Wednesday’s session.
DLPH triggered a buy today at the open as it gapped slightly through my intended buy point at $32.15 to clear the upper end of the symmetrical triangle pattern which has held it captive for the past several weeks. Volume picked up a bit with today’s attempt higher, but in the end the stock finished back beneath the trend line. This constitutes an initial failure of the breakout, but I’ll give it another shot to head higher and see if it’s able to resume its uptrend. If it shows hesitation, I may then look to modify my stop but for Wednesday I’m leaving it as-is.
Closed Positions:
No closed positions.
