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.
ANR triggered, SM stop raised
Open Position Notes:
MDR waffled back and forth today, unable to gather any lasting momentum. In the end, it finished positive by a few cents, but made no meaningful headway. I’m sticking with this one while waiting to see if it can continue higher since last week’s trend line break. New highs aren’t far away, but the buyers will need to produce them.
SM attempted to stretch its legs a bit today with a morning spike higher, but a lack of volume prevented follow through, and the stock peaked about 1% shy of Target 1. It backed off slightly to finish down just a few cents. Today’s move really just constitutes a day of rest for the stock, which isn’t bad to see after a solid breakout like we saw Friday. I’ve raised my stop tonight slightly while still giving this one some room, at least until Target 1 gets hit.
ANR triggered a buy this morning as it pushed past resistance at $61, but the upside was limited and ultimately the stock fell back to fill the morning gap, finishing only slightly positive on the session. Many stocks lacked directional commitment today, so with that being the case, I’ll cut this one a little slack. I would like to see it reclaim the breakout zone again soon.
Closed Positions:
No closed positions.
