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.

ROK triggered, BWA added

Open Position Notes:

CCL gapped higher Friday morning but filled the gap, settling into a trading range for most of the morning.  However, in the afternoon the stock strengthened a bit, closing back above my entry level by a few cents.  This one has been reluctant to gather any downside steam, despite the lack of overall strength in the market.  Therefore, I’ve tightened my stop tonight in case this one heads higher, thus reducing my risk in the trade while I wait to see if it can continue lower.

ROK triggered a buy on Friday as it cleared the descending trend line at $92.65.  While volume could have been heavier, I was encouraged that the stock finished above the trend line and just a short distance from its session high.  I’ll be watching for follow through in the days to come.

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 added

Open Position Notes:

CCL approached last Friday’s low this morning with an early selloff, but recovered and spent the day around the flat line.  Late in the day, more selling kicked in to take this one negative.  I’ve been patient with this one lately and still believe it has a shot to break down further, so I’m going to stick with it.  RCL is another stock in the same group which is showing weakness as well, so we’ll see if this one continues lower in the coming days.  Otherwise, I’ll likely look to make an adjustment to my stop as a lack of movement would suggest a new trading range is being established.

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.

No changes

Open Position Notes:

CCL gapped up this morning, but held shy of yesterday’s high and then abruptly headed lower.  The gap was filled in minutes, and the stock went negative for the remainder of the day with a clean intraday downtrend.  Tonight this one still looks vulnerable to lower prices, and it appears as though Tuesday’s bounce/test of resistance has failed, so I’m still on the lookout for downside follow through for this short sale.

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.

No changes

Open Position Notes:

CCL gapped up and continued higher this morning, but the high of the day was set in the opening minutes.  The stock held beneath my stop, which validates that level for now.  From there, it faded a bit into the afternoon, finishing up 1.5% on the day but well off the session highs.  This appears to be a test of the upside, so I’m going to stick with it for now with my existing stop loss.

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.

AKAM stopped

Open Position Notes:

CCL bounced back slightly today after Friday’s breakdown, finishing right at my trigger price beneath former support.  Volume sagged with today’s rebound, which I’m encouraged by, and it appears today this one merely was testing the breakdown area.  I’m going to leave my stop as-is for Tuesday, waiting to see if further weakness can set in now that this one has broken down and tested former support.

Closed Positions:

AKAM attempted to push north of its descending trend line on Friday, but a lack of volume prevented a close above that level.  Today, the stock came under further pressure, hitting my stop loss to take me out for a 3.5% loss.  Last week’s low was undercut, and it appears this one is still in pullback mode for now, trying to find a higher low compared to the mid-March low.  I’m out for now and will keep this one on watch in case it sets up again.