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.
SLW Target 1 hit, stop tightened
Open Position Notes:
NTES pulled back this morning and nearly stopped me out, bottoming for the day just a few cents above my stop loss level and turning higher from there. The stock was able to finish nicely higher by the end of the day, which is positive. Today’s dip also validates my stop loss, so I’m going to stick with it for now and see if this one can gather some upside momentum. If not, I may look to make an adjustment in the days to come.
SLW continued lower today to take out Target 1, where I closed out 1/2 my position for a solid 4.7% gain. It then moved right toward Target 2, getting within just a few cents before bouncing back slightly. I’ve tightened my stop for remaining shares tonight so that if the bounce continues, I won’t give back much. Otherwise, I’ll be watching for a move to Target 2 in the coming days.
Closed Positions:
No closed positions.
