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.


ATPG triggered

Open Position Notes:

ATPG triggered a buy this morning as it pushed north of the descending trend line at $22.80, but the highs of the day were marked soon after and the lack of upside volume prevented any follow through from being seen.  By the end of the day, it had finished back beneath the trend line on light volume, leaving it still in basing mode.  I’m going to stick with my existing stop for this one for now and will see how it acts on Tuesday.  It might simply need another shot, we’ll see, but it’s under water at the moment.

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.


WMS & PDCO closed, ATPG added

Open Position Notes:

No open positions.

Closed Positions:

WMS continued higher on Friday with a push toward Target 2 early in the session.  With earnings due out on Monday, I had planned to exit this position either Friday or Monday at the latest, so with the stock approaching Target 2, I rang the register to close out the position for a 6.4% winner.  This one took a couple of weeks to make the move, but the trend was easy to ride, which is always nice.  The stock ultimately moved well beyond Target 2, so if you were able to exit at higher levels, good work!

PDCO climbed steadily on Friday as it approached my Target, but with the weekend looming and only a small amount more to gain before my planned exit, I decided to close this trade out slightly early to ring the register.  Key resistance was approaching, and I felt the weekend risk with so little to be gained made it an easy decision.  So, I’m out of this trade for a nice 4.4% gain in a trade which never went against me.

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:

WMS pulled back slightly today after reaching a new high earlier in the session, but volume was light and couldn’t propel prices higher.  This appears to be a healthy day of rest for the stock, so I’m sticking with my existing trade parameters for now.

PDCO gave back a little ground today, but volume here was light as well and the low from Tuesday was respected.  This also appears to be a day of rest for the stock, so I’m sticking with my existing trade parameters for now while waiting for some upside follow through.

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.


CAG stopped, WMS & PDCO stops raised

Open Position Notes:

WMS posted a solid gain today, reaching a new multi-month high as it climbed higher into the unfilled gap from last October.  Target 1 isn’t far away now, and today’s action indicates the prior two days of rest were enough to generate higher prices.  I’ve tightened my stop tonight, but overall I like the way this one is acting.

PDCO pushed higher today after some brief consolidation in recent days, hitting a new 52-week high and ending the day at its best levels of the session.  My target isn’t far from here, so I’ve tightened my stop tonight while I wait for more follow through.

Closed Positions:

CAG simply couldn’t get going very far in my direction, so last night I essentially implemented a time stop by moving my stop loss to breakeven.  That way, I’m either taken out with no harm done, or the trade works in my favor.  Today I was stopped out at my entry price of $25, and it seems this stock simply isn’t ready to move lower at this point.  A trading range may be emerging here, so I’m going to step aside and leave it alone for now.