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.
LLL, EL and UNT triggered
Open Position Notes:
LLL triggered a short sale on Friday after gapping slightly through my intended entry price, but the stock continued lower from there. It was able to stabilize into the afternoon, but no real bounce attempt was made. I’m sticking with my existing trade parameters for now, waiting to see if it can make additional progress before I look to make any adjustments.
EL triggered a short sale on Friday as it gapped slightly through my intended entry price as well, and it trended steadily lower for the remainder of the day. This is a good start to the trade, and I’ll be looking for continuation in the coming days. I have not adjusted my stop yet, but if the stock is able to move further in my direction I’ll likely look to do so.
UNT triggered a short sale on Friday, also gapping through my intended entry price at the open. The stock made some headway on the downside before stabilizing in the afternoon, and a modest bounce was seen late in the day. I am sticking with my existing trade parameters for this one for now, waiting to see if more weakness sets in.
Closed Positions:
No closed positions.
