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.

No changes

Open Position Notes:

BAX turned higher today to mark a multi-day high, which is encouraging to see after several quiet days.  Last week’s high is still overhead, but technically this stock is still acting well.  It’s a very slow mover, which I knew from the outset of the trade, so I’m doing my best to stay patient while waiting for some stronger momentum to appear.  My stop has already been adjusted twice, so I have reduced my risk while I wait.

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.

GOLD removed (stock doesn’t look ready to break, may re-list later)

Open Position Notes:

BAX dipped this morning to nearly test my stop loss, holding just above that level before rebounding about 1% from its worst levels of the day.  The stock still finished down slightly on the session, but the chart continues to look good so I’m sticking with this one.  My stop has already been raised twice, so I’m staying patient while waiting to see if last week’s highs can be cleared now that the breakout area has been tested (and held) for several days.

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.

BAX stop raised, GOLD added

Open Position Notes:

BAX held steady on Friday, maintaining its ground above former resistance, which is now serving as support.  I continue to like the relative strength this one is showing, and am doing my best to stay patient with it since it’s a slower mover.  My stop has already been raised once, but with the stock having stabilized further in recent days, I’ve adjusted it again to further reduce risk.

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:

BAX gapped lower this morning along with the market, but it recovered very nicely and was able to finish positive on the day.  This stock continues to exhibit relative strength to the overall market, which is very encouraging.  With my stop already having been raised, I’m going to leave my trade parameters intact for Friday and see if this one can make new highs for the week.

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.

CMI stopped, ARUN & RDC removed (patterns negated), BAX stop tightened

Open Position Notes:

BAX gave up some ground today, but successfully tested its breakout zone with a finish back above that level.  This stock showed some relative strength to the market today, losing about 1/2 of what the market lost.  That’s encouraging on such an ugly day, but I’ve still tightened my stop for this one slightly tonight in order to further reduce my risk.

Closed Positions:

CMI gapped lower this morning to take me out of the trade right at the open.  The stock actually gapped slightly through my stop loss, handing me a 3.8% loss.  Getting stopped out on a gap like that is a little annoying, but the stock did continue lower so I’m glad to have stopped the bleeding.  The hesitant breakout and quick return to the consolidation zone proved to be a warning signal, so this one apparently isn’t ready to go yet.  I’ll leave it alone until a well-defined pattern emerges and price looks set to go.