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.
MOS stop tightened
Open Position Notes:
MOS worked its way higher today after testing the downside early in the session. This was aided by the market’s afternoon rebound, but this one has generally been resting for the past couple of days anyway. I was pleased to see it remain beneath Monday’s high, and now the daily chart has a bit clearer of a consolidation area to monitor going forward. I’ve already booked 1/2 profits at Target 1, and tonight I’ve tightened my stop slightly more for remaining shares. That way, if it does reverse higher, I’m not allowing it to turn into a loss (barring a major gap, of course). At the same time, I’m giving it some room and doing my best to be patient while waiting to see if it will weaken further and make a move toward Target 2.
Closed Positions:
No closed positions.
