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 stop tightened
Open Position Notes:
UHS participated in today’s market strength, which was encouraging. Being a health services stock, it’s not the momentum name which many traders turn to when the market rallies, but I initiated the trade due to the relative strength it’s been showing despite the recent widespread weakness. Volume was a bit lacking today, as it was in many stocks, and this one finished off its best levels of the day. That shows a little hesitation to run higher, and after climbing 4 of the past 5 sessions, it may simply be due for a rest. I’m going to tighten my stop again tonight just to protect this position, but will still leave it some room to fluctuate while I’m waiting for more strength to arrive.
Closed Positions:
No closed positions.
