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.
JEF added
Open Position Notes:
GRMN gained a little ground today but overall stayed within its range of the past few weeks. There is a new descending trend line along the highs of the past 6 sessions, which if crossed, could spark some better momentum. Currently that’s around the $47.70 area, followed by the recent resistance around $48. A push through there could finally set this one free for higher prices.
FBHS pulled back today as a bit of profit-taking handed the stock its third straight decline. Overall this one is still holding above the recent breakout zone, so I’m staying with my existing trade parameters while waiting to see some follow through come in.
NIHD pulled back today to fill the gap from Friday morning, then was able to recover nicely to post a loss on the session of just 5 cents. I’m encouraged by today’s price action, particularly on lighter volume, and will now be looking for some upside continuation in the days ahead.
Closed Positions:
No closed positions.
