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.
WLP triggered, EGO removed (no trigger, pattern negated)
Open Position Notes:
WLP triggered a short sale today right at the open as it moved through the lower end of the rising wedge pattern on the daily chart at $52.80. The initial downside was limited, however, and the stock bounced into positive territory by the end of the session. While I don’t like the headfake-type action on my entry day, I am willing to stick with this one for now, so my stop hasn’t been altered heading into tomorrow.
Closed Positions:
No closed positions.
