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 closed
Open Position Notes:
No open positions.
Closed Positions:
WLP gapped lower Friday morning, along with the market, moving it deeper into profitable territory for me as a swing trade on the short side. But with the market reversing from key support areas, I recognized the need to book my profits, as per Thursday night’s mention here. The stock also stopped shy of breaking the May 6th low. Rather than staying short in an oversold and bouncing market, I chose to ring the register for a 4.5% winner, and am now in cash heading into the new week. If this stock sets up another pattern, I’ll trade it again, but for now it appears to have found some support and I’m not interested in being short.
