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.
RAX & WFT stops raised, WTI added
Open Position Notes:
RAX reached for new highs last week, finishing Friday with a 1% gain on the session despite light volume. This one is sitting within spitting distance of Target 2, so I’ll be watching for another push toward that level in the days to come. It has behaved well so far, allowing me to not only book partial profits at Target 1, but I’ve also raised my stop for remaining shares while waiting for Target 2.
WFT triggered a buy last week and initially showed some hesitation, but on Friday it gained better traction to reach new recovery highs. This helps to confirm the higher low on the daily chart that I’m trading from, and I like how this one is acting so far. I’ll leave my stop as-is until further progress is made.
PWRD triggered a buy on Thursday with a solid push higher on strong volume, and then on Friday it backed off slightly on much lighter volume. This is good price action so far, so I’m going to leave my stop as-is for Monday and see if this one can resume its push higher.
Closed Positions:
No closed positions.
