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.
AEM & NOG triggered
Open Position Notes:
AEM triggered a buy today right after the opening bell. It pulled back slightly soon afterward to fill the morning gap, then worked its way higher into the afternoon. Today’s advance was nothing spectacular, but that’s entirely fine. This is the kind of setup I expect to gradually gain momentum, so a quiet start is perfectly alright. Volume was quiet across the board today, but I would still like to see the activity in this one perk up a bit to accompany the price advance and add some credibility to it. Now I’ll be watching for follow through.
NOG triggered a buy today, pulled back briefly, then spiked higher. The stock got within just a nickel of last week’s high before backing off slightly in the afternoon. Today’s breakout was solid, and I liked the relative strength to the market. Next I’d like to see some follow through, stronger volume (though it did improve today), and a move beyond last week’s high at $23.34 just to truly confirm the breakout. Good start so far.
Closed Positions:
No closed positions.
