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.
DPS & HOG triggered, JLL, CNW, ALB added
Open Position Notes:
DPS triggered a buy today as it cleared the trend line at $38.10, and although it backed slightly off its highs of the day it still finished positive. Price is now flirting with prior highs from 3 weeks ago, and I expect this one to move somewhat steadily, so today’s start isn’t bad. I’d like to see follow through and some improvement in volume, but otherwise I still like this trade.
HOG triggered a short entry today as it broke down from its rising wedge pattern on a slight pick up in volume. This one showed some nice relative weakness to the overall market today, which is encouraging, so I’m going to stay with my existing trade parameters for now.
Closed Positions:
No closed positions.
