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.
MOS Target 1 hit & stop tightened, DRI triggered & stop raised, SOHU added
Open Position Notes:
MOS trended steadily higher throughout today’s session, taking out Target 1 where I closed 1/2 my position for a 5.9% gain. I’ve tightened my stop for remaining shares as well, but am thus far pleased with how this one is acting. It’s gotten into a recent habit of posting solid advances followed by quiet, inside days, and there’s nothing wrong with that. It prevents the stock from becoming too extended, while continuing higher. I’m looking for follow through with a push toward Target 2 in the days to come. So far, so good.
DRI triggered a buy today as it cleared a small descending trend line, but despite some positive market action, this one didn’t continue to climb. This one may simply need a little more time, so I’ll stay with it, but I would have expected better action than I saw today so I’ve tightened my stop in order to reduce my risk in the trade. That may prove overly cautious, but this one simply hasn’t proven itself yet on a day when it could have just as easily posted a solid advance.
Closed Positions:
No closed positions.
