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.
ATPG stopped
Open Position Notes:
No open positions.
Closed Positions:
ATPG failed to produce any upside follow through yesterday with a light-volume attempt at a breakout through its descending trend line, ultimately closing back inside its consolidation zone last night. Today, the stock showed additional weakness, triggering my stop loss to take me out for a 4.3% loss. This constitutes a breakout failure, and it appears this stock needs more time to base and pull back before it’s ready to go again. I’m going to stand aside for now and wait for a new pattern to emerge on the daily chart.
