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.
AKAM stopped
Open Position Notes:
CCL bounced back slightly today after Friday’s breakdown, finishing right at my trigger price beneath former support. Volume sagged with today’s rebound, which I’m encouraged by, and it appears today this one merely was testing the breakdown area. I’m going to leave my stop as-is for Tuesday, waiting to see if further weakness can set in now that this one has broken down and tested former support.
Closed Positions:
AKAM attempted to push north of its descending trend line on Friday, but a lack of volume prevented a close above that level. Today, the stock came under further pressure, hitting my stop loss to take me out for a 3.5% loss. Last week’s low was undercut, and it appears this one is still in pullback mode for now, trying to find a higher low compared to the mid-March low. I’m out for now and will keep this one on watch in case it sets up again.
