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.
UHS triggered, stop tightened
Open Position Notes:
UHS triggered a buy today as it broke out from its bull pennant pattern, moving solidly higher for most of the session. The market weakness in the afternoon pulled it down from its highs of the day, but it still managed to finish positive on the session and display some nice relative strength. While I’d have liked to see it just move straight up (of course), the fact that it ended the day just 1c off its trigger price in the face of a weak market is encouraging. With the market still struggling to bounce here, I’m going to tighten my stop for this position in order to reduce my risk, but I’m leaving it a little wiggle room just in case it’s needed.
Closed Positions:
No closed positions.
