TheStockBandit.com

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.

RAX & FLIR stops raised, WFT added

Open Position Notes:

RAX challenged Monday’s high today but was unable to clear it, and subsequently turned lower as some profit-taking kicked in.  The gap from last week is still intact, which I am encouraged by, so I’m going to stick with this one and see if the uptrend can continue.  I’ve bumped up my stop slightly but am still allowing plenty of room as this one rests not far from highs.

FLIR continued higher today, finishing just 5 cents from Target 1.  I am expecting that level to be cleared tomorrow, so as a result I’ve raised my stop tonight for this trade.  It’s approaching the prior highs, and I particularly liked today’s action on a notable pickup in volume.  Good action here so far.

PAY pushed to new highs today after triggering and acting well on Monday, but profit-taking kicked in and the stock slid lower for most of the session.  Today’s bearish engulfing bar on elevated volume isn’t technically the kind of action I like to see, but I’m going to be patient for now and leave my stop in place.  Should this one weaken further tomorrow, I’ll stop out according to plan, but otherwise want to see if it can stabilize and make another attempt at a turn higher.

Closed Positions:

No closed positions.

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.

PAY added

Open Position Notes:

RAX gapped higher Thursday morning and quickly retreated to fill the gap, even turning negative on the day for a brief time.  However, the stock trended higher for the remainder of the day, challenging the morning high in the final 20 minutes of the day to post a solid gain.  This stock continues to act well, so I’m still on watch for follow through.  I’ll stick with my already-adjusted stop heading into Monday’s session.

FLIR turned lower early on Thursday, but recovered and posted a slight gain by the close.  I particularly liked how Wednesday’s gap was essentially tested and held, so I’ll be watching for continuation in this one going forward.  I’ve already raised my stop once, and will leave it as-is while waiting to see further progress.

Closed Positions:

No closed positions.

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.

CCL stopped, RAX & FLIR triggered & stops raised

Open Position Notes:

RAX triggered a buy this morning as it gapped through the upper trend line I’ve been watching to open at $43.49, just over 1% above my intended entry.  As per my Swing Trading Strategy, I took a reduced position to offset the initial added risk (farther distance from entry to stop).  The stock backed off its best levels of the day in the afternoon, but still finished well.  I’ve tightened my stop tonight for this trade, as I do want to see today’s gap hold, and otherwise will watch for follow through in the days to come.

FLIR triggered a buy this morning as it gapped just over 1% past the descending trend line to open at $33.66, again prompting a reduced position according to my Swing Trading Strategy.  From there, the stock worked its way higher and finished well, so I’ll be on the lookout for follow through.  Here again, I’ve tightened my stop on this trade, as I want to see today’s gap hold.

Closed Positions:

CCL gapped higher this morning with the broad market strength, triggering my stop loss on the open.  I had tightened my stop multiple times recently due to the lack of downside follow through in this trade even after broken support, but today had to accept the opening price for my exit since the stock gapped past my intended exit.  I’m now out of this stock with a minor 2.1% loss.  The stock did ultimately fill the gap and finish negative, so I may give it another shot next week if it still looks poised to move.

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.

BWA removed (no trigger, earnings approaching), RAX & FLIR added

Open Position Notes:

CCL bounced today along with the market, but stopped just shy of hitting my tightened stop loss.  As of tonight’s close, I’m still in the trade, but it wouldn’t take much more upside tomorrow to reach my stop and take me out.  This one simply hasn’t broken down in the fashion I had expected, so I’m keeping it tight while still allowing for a continued move lower should it happen.

Closed Positions:

No closed positions.

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.

ROK stopped, CCL stop tightened

Open Position Notes:

CCL eased lower today, but I was a bit disappointed with the lack of downside momentum there.  The stock has been technically weak and has already broken down, so a weak market would be ideal to see it accelerate lower.  However, today it simply tested the April 8 low and held.  While it did finish down on the day, it isn’t showing the kind of price action I’d expect in a setup like this.  Therefore, I’ve tightened my stop again for this short sale in case it attempts to turn back up from this short-term support zone.

Closed Positions:

ROK triggered an entry on Friday, but today was stopped out for a 2.3% loss.  Friday’s volume could have been stronger, but the broad market weakness was most to blame for today’s weakness in the stock.  I’ll keep this one on the radar in case it sets up for another entry, but for now I’m out with a small loss.