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.
ROK triggered, BWA added
Open Position Notes:
CCL gapped higher Friday morning but filled the gap, settling into a trading range for most of the morning. However, in the afternoon the stock strengthened a bit, closing back above my entry level by a few cents. This one has been reluctant to gather any downside steam, despite the lack of overall strength in the market. Therefore, I’ve tightened my stop tonight in case this one heads higher, thus reducing my risk in the trade while I wait to see if it can continue lower.
ROK triggered a buy on Friday as it cleared the descending trend line at $92.65. While volume could have been heavier, I was encouraged that the stock finished above the trend line and just a short distance from its session high. I’ll be watching for follow through in the days to come.
Closed Positions:
No closed positions.
