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.
DRI stopped, CMI & BAX added
Open Position Notes:
SOHU showed very nice relative strength on Friday as it held positive in the face of a declining market. This one continues to act well since moving up and out of its tight consolidation pattern on strong volume, and I’m watching for continued follow through toward my Targets. A little extension from here would do the trick, so let’s see what happens.
Closed Positions:
DRI gapped down on Friday and continued lower, hitting my already-tightened stop to take me out for a modest 2.1% loss. I was concerned after the hesitation this one showed when it triggered an entry, so I adjusted my stop on it very quickly. That proved to be a good move and a way to reduce risk in a trade which wasn’t behaving as expected. I’ll keep this one on the radar in case it shapes up, but for now I’m out with a small loss.
