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.
NOG Target 1 hit (1/2 profits booked) and stop raised
Open Position Notes:
AEM pushed past yesterday’s high this morning, but wasn’t able to hold onto the upside gap. Profit-taking kicked in and the stock turned negative, where it stayed for the remainder of the day. We also saw volume increase over yesterday’s volume on the breakout, which isn’t an encouraging sign. This stock is now back inside its base after a failed breakout, but there’s still a shot at another attempt higher. I’ll give it that chance by leaving my stop loss as-is for tomorrow’s session and then reevaluate over the weekend.
NOG continued nicely higher today with a morning run up which took it past Target 1 at $24.10. I closed 1/2 my position there for a quick 7.1% profit. Last night I mentioned I had wanted to see the stock push past last week’s high, which it did with ease today on improved volume. The afternoon pullback was mild and essentially the stock based for the final few hours of the day, which is fine and understandable after a big quick pop. I’ll give remaining shares some room to breathe with an adjusted stop loss, and otherwise will be on watch for follow through in the coming days.
Closed Positions:
No closed positions.
