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.
FSLR triggered
Open Position Notes:
FSLR triggered a short entry today as the stock began to fail at short-term resistance and begin to roll over by making a multi-day low. With the overall market holding up, and particularly the NAZ, no downside follow through was seen. The stock was able to bounce slightly from its lows, ending the day positive by 2 cents. I still like the relative weakness this one is showing, and expect it to participate on the downside once the NAZ pulls back. Until then, I’m sticking with my original stop loss level and will be patient while waiting for some weakness to kick in for this stock that’s still stuck in a downtrend.
Closed Positions:
No closed positions.
This mornings FSLR downgrade should bode well for the position.
I agree, aside from the opening attempt to fill the morning gap, the stock has seen no additional upside despite the strength seen in the NAZ. I like that…interested to see if any selling takes place this afternoon.