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:
YNDX pulled back Friday to test the mid-week low, and it was able to respect that level and lift modestly from there into the close. Volume was also down on the session, which is what I want to see on a pullback day when I’m long. This stock is basing in the area of the breakout zone from last week, so I’m going to stick with it and leave it a little room to fluctuate for now. Earnings are due out Thursday, so I’ll look to exit prior to then, possibly through an intraday update via Twitter & email so be on watch for that.
GRMN gave up a little more ground Friday with a slight increase in volume, adding to the appearance of late that the recent bounce attempt is in the process of failing. I’m sticking with this trade for now with my existing trade parameters, as it still has some time before earnings are due out.
POT finished last week on a positive note after turning higher within its range. My entry has been tested but the stock has lifted modestly, keeping it in a bullish stance with potential for further upside. Earnings due out Thursday morning ahead of the bell, so I’ll look to exit prior to then, possibly through an intraday update via Twitter & email so be on watch for that.
Closed Positions:
No closed positions.
