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.
No changes
Open Position Notes:
CAG edged lower today on increased volume, moving to the lower end of its trading range for the week. This stock is still exhibiting relative weakness, which I like, but it’s requiring a lot of patience since it’s having such a hard time getting going. Sticking with my existing trade parameters for now.
VMW gave up a few cents today, but all in all seems to just be pulling back slightly. It’s consolidating above the breakout zone, which is healthy to see, and a small bull flag is emerging. This could spark another move higher in the stock, so I’m still on watch for continuation to arrive. I’m out of 1/2 already for a nice gain, and will stick with my raised stop for existing shares while waiting for follow through.
WMS headed higher again today, and continues to fill the gap from last October. This one is acting well, and I’m sticking with my trade parameters for now. Some rest may arrive soon.
STT is still holding above the breakout zone after a successful test, but we’re still waiting on follow through at this point. There’s ample room above for the stock to run, so I’m staying patient for now.
PDCO finished the day right near Wednesday’s closing mark, consolidating above the breakout zone. I still like the overall action in this one so far, and will look for follow through in the days ahead.
Closed Positions:
No closed positions.
