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.
MCO triggered, Target 1 hit, stop tightened. MTB triggered
Open Position Notes:
UHS climbed early in today’s session, but the strength was short-lived and ultimately the stock rolled over a bit with the market. It’s still sitting slightly above my tightened stop loss, so I’m going to stick with that level heading into Wednesday’s session. The dip of the past 2 sessions has come on light volume, so let’s see if this one can shape up tomorrow. If not, I’ll abide by my stop.
MCO triggered a short sale today as it undercut short-term support, and it slid steadily lower throughout the day. Target 1 was hit, where I booked 1/2 profits for a quick 4.2%, and now Target 2 is approaching. I’ve tightened my stop for remaining shares heading into tomorrow, but so far I like how this one’s behaving as a short.
MTB triggered a short sale today as it broke through a key level which has served as both support and resistance in recent months. The stock spent much of the day in a choppy range, but the weak finish was encouraging. I’m going to leave my stop loss as-is heading into Wednesday, and will look to make an adjustment once this one is able to make some better progress toward the Targets. So this was a good start, but I’d like to see some follow through.
Closed Positions:
No closed positions.
