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.
MPEL triggered, PPO & CROX & CAM added
Open Position Notes:
MPEL triggered a buy on Friday morning as it pushed past resistance to break out from its ascending triangle pattern. The early rally was followed by a shallow pullback to test that area for a few hours before a solid advance into the closing bell took the stock to its highs of the day. Volume picked up over the previous couple of sessions, which is good to see on a breakout. I’d like to see price show some follow through soon with more volume expansion, but this is a good start so far. As the stock makes more progress, I’ll then look to make adjustments to my stop.
Closed Positions:
No closed positions.
