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.
SNDK, MOS, BIDU triggered
Open Position Notes:
SNDK triggered a buy this morning as it cleared $48.10, and initially it found some good strength. The stock hit new highs until mid-morning, when the pace cooled. That ultimately led to profit-taking, and with the overall market weakness this one fell back beneath the trigger by the afternoon. I’m going to stick with it for now, leaving my stop unchanged for tomorrow’s session.
MOS triggered a short sale this morning when it gapped through my intended entry price but less than 1% (full position). After a couple hours of indecision, the stock headed lower. This is a good start for this short sale, but now I’ll want to see follow through in the coming days. I’m leaving my stop as-is for now.
BIDU triggered a short sale today as it broke the rising trend line at $139.50 as pointed out in last night’s Broadcast. This one headed lower from there, and although it bounced slightly in the afternoon it remains in a technically vulnerable position for lower prices. I’ll be sticking with my original stop heading into Thursday’s session.
Closed Positions:
No closed positions.
