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.
SM triggered
Open Position Notes:
MET bounced just enough to briefly clear last week’s bounce high, and then backed off to finish negative on the session. I’m encouraged by that kind of action, as it would have triggered some buy stops and then trapped those buyers with the pullback which happened later in the day. This one is sitting right near my entry, so it still needs to prove itself, but I like today’s successful test of resistance, so that’s a start.
MDR continued higher for a little while today, but ultimately drifted back to last night’s closing price to finish flat on the day. I’m going to stay with my existing stop loss on this trade and give it a bit more time before considering an adjustment.
SM triggered a buy today as it hit the $75 level, but the volume wasn’t enough to push it over the hump and it subsequently pulled back into the base to finish unchanged on the day. I’ve got a stop in place beneath Wednesday’s low, so I’m going to leave it as-is and see how this one acts if and when it’s able to make another attempt at a breakout.
Closed Positions:
No closed positions.
