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.
WMS & PDCO closed, ATPG added
Open Position Notes:
No open positions.
Closed Positions:
WMS continued higher on Friday with a push toward Target 2 early in the session. With earnings due out on Monday, I had planned to exit this position either Friday or Monday at the latest, so with the stock approaching Target 2, I rang the register to close out the position for a 6.4% winner. This one took a couple of weeks to make the move, but the trend was easy to ride, which is always nice. The stock ultimately moved well beyond Target 2, so if you were able to exit at higher levels, good work!
PDCO climbed steadily on Friday as it approached my Target, but with the weekend looming and only a small amount more to gain before my planned exit, I decided to close this trade out slightly early to ring the register. Key resistance was approaching, and I felt the weekend risk with so little to be gained made it an easy decision. So, I’m out of this trade for a nice 4.4% gain in a trade which never went against me.
