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.

PLCM added

Open Position Notes:

LLL worked its way to new lows today on increased volume as it moved further beneath broken support.  This one has yet to accelerate downward, but the stage is set for some momentum to kick in.  For now, I’m staying patient with it while waiting to see if it can move toward the targets in the days ahead.  I like that it’s showing some initial continuation here since breaking down, and now just want to see the pace pick up a bit.

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.

LLL triggered, VMW removed (no trigger, pattern negated)

Open Position Notes:

LLL triggered a short entry Friday as it undercut support at $69.40.  Although the stock was able to finish off its worst levels of the session, I was still encouraged by the overall price action with the stock finishing beneath the breakdown zone.  I’ll be watching for follow through in the days ahead, at which time I may make an adjustment to my stop loss.  For Monday, I’m sticking with my existing trade parameters.

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.

VMW & LLL added, BAX stopped

Open Position Notes:

No open positions.

Closed Positions:

BAX was a stock which I expected to be a slow mover, but I have been surprised in recent days just how slow it could be.  After breaking out and showing nice relative strength to the overall market during last week’s pullback, this week the stock has done nothing but stagnate.  I had tightened my stop twice in order to reduce risk in the trade, just in case the lack of upside follow through was an indication of a lack of strength.  It’s a fine line to walk between being patient with a trade vs. recognizing that it simply isn’t going anywhere.  Ultimately, this one proved it wasn’t ready to run, and I was taken out this morning on weakness for a very modest 1% loss.  I’ll give it more time before looking for another entry, as right now the stock simply looks range-bound in the near term.

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:

BAX rested today as it gave back a few cents to stay within the consolidation area of the past few sessions.  Overall, this stock has held up well since breaking out, it simply hasn’t given much follow through.  To offset that, I’ve adjusted my stop twice, and for now I’m doing my best to stay patient with it while waiting for a secondary advance to come along.

Closed Positions:

No closed positions.