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.
CROX triggered
Open Position Notes:
MPEL challenged Friday’s highs today but couldn’t get clear of them with the market weakness. The stock pulled back to test the $14 area, then showed some excellent strength in the afternoon to recover and finish down only a few cents. I’m encouraged by this relative strength and will be on watch for some upside continuation in the days ahead – particularly if the broad market is able to stabilize.
CROX triggered a buy this morning as it pushed past the descending trend line, but ultimately it succumbed to widespread weakness and finished the day back inside its base. It ended at its low of the day, which is not typically a good signal. I’m going to leave my stop as-is for tomorrow’s session and see if it can recover.
Closed Positions:
No closed positions.
