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.

NAV triggered & stop raised

Open Position Notes:

KIM spent another day in its consolidation zone after yesterday’s breakout failure sent the stock right back beneath resistance.  Today the stock lost a little ground, but volume decreased once again and my stop isn’t far from here.  I’m going to stick with it for now, but would prefer to see this one make another attempt at an upside move.  So far, it’s not impressing me.

NAV triggered a buy today as it nudged past resistance, but by the closing bell it had slipped back beneath the $41.40 key level by a few cents.  Volume didn’t help, as it was light, and that’s the fuel for a breakout.  I’ve tightened my stop to just beneath today’s low in case the failed breakout brings a reversal, but otherwise I do still like this setup and will see what happens Friday.

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.

STT stopped, KIM triggered

Open Position Notes:

KIM triggered a buy today as it crossed $14.25 to clear short-term resistance.  Volume was not very strong though, and by the end of the day the stock had returned to within a few cents of the resistance zone.  Today’s move does mark the highest close for the stock since September, so I’m willing to see if it can get moving a little better tomorrow before I look to make an adjustment on my stop.

Closed Positions:

STT triggered my stop loss today as it undercut the $43.90 level, handing me a small 2.4% loss.  This stock started out with a nice initial push higher after clearing $45, but Monday’s reversal quickly erased those gains and the stock headed lower.  I was keeping my stop pretty tight on this one given that the move prior to the consolidation phase had nice momentum, so a continuation attempt should mimic that price action.  However, it did not, so I’m now out of this trade with a small loss.  I’ll keep the stock on my radar in case it sets up again, but for the time being it appears to still be in a consolidation phase.

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:

STT edged slightly lower today, getting to within just 1 cent of my stop loss before climbing from its worst levels this morning.  This obviously validates that stop, so I’m sticking with it for now.  I did like the fact that today’s volume was lighter once again on the dip, so let’s see if this one makes an attempt to bounce from this support area in the coming days.  If not, of course I’ll exit once my stop is breached.

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.

PBR stopped, HOC triggered & stopped, KIM & NAV added

Open Position Notes:

STT reached a new recovery high early today, but reversed lower and finished in the red.  The positives from today in this one were that it did not trigger my stop, and that volume was lighter with today’s turn lower.  This may have been a headfake type of move, but given that my stop is only about 1% from current levels I’m going to stick with it heading into tomorrow and see if it can hold.  I do still like the pattern here, but today’s lack of follow through doesn’t make for a pretty bar on the chart.  Let’s see where it goes from here.

Closed Positions:

PBR turned higher this morning, stopping me out for a small 2% loss as it cleared the $49 level.  Not much later, the stock did reverse and turn lower, which is irritating to see after having been shaken out.  Nonetheless, abiding by my stop loss levels has saved me many dollars over the years, and there was no indication this time would be any different.  The stock is still struggling to overcome recent resistance, so I’ll keep it on the radar in case another well-defined entry appears on the chart.

HOC triggered a buy this morning as it cleared its bull pennant pattern with a breakout, but the strength was fleeting and the stock soon reversed hard.  Not only did it turn negative on the day, but it took out my initial stop loss.  This is known as a whipsaw to have a trade trigger an entry and soon be stopped out, and from time to time it happens.  It’s frustrating, but in this case I felt the risk/reward for the setup was worth taking.  I’m now out with a modest 2.3% loss and will stand aside from this one until a new pattern emerges.

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.

STT & PBR triggered, HOC added

Open Position Notes:

STT triggered a buy on Friday as it cleared the trend line at $45, opening the door for a new leg higher to begin.  Volume picked up with the advance in price, although the stock did finish off its best levels of the session.  Nonetheless, this appears to be a solid start, so I’ll stick with my existing trade parameters heading into Monday.

PBR triggered a short sale Friday as it undercut the rising trend line at $48, but ultimately the stock bounced back to finish back above that level and net positive on the day.  These failed-bounce candidates sometimes require some patience to change directions, so I’m going to leave my trade parameters as-is heading into Monday.  If the bounce continues, I’ll abide by my stop loss.

Closed Positions:

No closed positions.