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.
NIHD relisted (with updated levels)
Open Position Notes:
GRMN again spent the morning pulling back, but found intraday support which produced an afternoon lift to take it back into positive territory by a few cents. This stock continues to respect $48, and I suspect if we see that level cleared it could bring about a quick spike to the upside. For now, I’m waiting patiently. Should the overall landscape happen to shift, I may make an intraday exit and alert via Twitter and email to that effect, but otherwise I’ll stay put. Volume is improving, so perhaps that means a longer-lasting move is on the near horizon.
FBHS held its ground nicely today after a solid multi-day lift in recent sessions. Today the stock pulled back early and then spent the rest of the day climbing back to the flat line, finishing lower by just a nickel. I also found the volume to be very encouraging as it was quite light today as the stock put in a day of rest. This bodes well from a technical standpoint for some follow through to the upside in the days to come.
Closed Positions:
No closed positions.
