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.

FMCN & INFA stopped, STT & PBR added

Open Position Notes:

No open positions – currently 100% cash.

Closed Positions:

FMCN ran quickly higher on Monday and Tuesday, pushing through Target 1 to offer a nice chunk of partial profits on the first half of my position.  Yesterday’s price action indicated some short-term fatigue however, as the stock made a new high and finished negative on the session with increased volume.  My raised stop for remaining shares was triggered today as this one moved back down through $17, taking me out for a solid net gain of 6.1% on this trade.  Fast money is my favorite kind, and this one offered that.  I’ll keep it on the watch list in case it sets up again.

INFA cleared its trend line in timid fashion on Tuesday with price finishing off the session highs and volume lackluster.  I tightened my stop in order to reduce risk just in case the stock became weak, and today that raised stop was hit.  I’m now out of this trade for a very small 1.3% loss, and will wait for better price action before considering another entry in this one.  Sluggish breakouts are a sign of fatigue, so naturally I’m impatient with them.

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:

FMCN continued higher this morning, but did see some profit-taking which took it down from its best levels to finish down about 1% on the session.  It was able to hold 1 cent above my raised stop, which keeps me long the stock and also validates my stop.  I’ll stick with those same parameters heading into tomorrow, but it wouldn’t take much selling to check me out of this one.  It has already been good to me, so I don’t plan on giving back much ground on the 2nd half of this position.

INFA hit its best levels today since triggering an entry, and volume improved slightly.  It finished off its best levels of the day, but still in positive territory and in the green.  I’m still awaiting stronger volume and some better momentum, but have already tightened my stop and will stick with my existing trade parameters heading into tomorrow.

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.

LEAP stopped, INFA triggered, FMCN Target 1 hit & stop raised

Open Position Notes:

FMCN started out pretty well yesterday, but the volume failed to impress.  Nonetheless, it shot higher again today, pushing through Target 1 where I booked 1/2 profits for a quick 7.4%, and finishing only a short distance from its highs.  This one has now approached former resistance from December, so I’m going to tighten my stop aggressively in order to lock in a nice winner should it happen to reverse from here.  If it can push on through, we’ll see what it’s capable of in the days ahead.

INFA triggered a buy this morning as it cleared its trend line at $26.70, but it hesitated to keep running and ended the day just a few cents from that level.  Volume was also light on today’s breakout, which is a concern.  Because of this, I’m going to tighten my stop to just beneath today’s low, as a hesitant breakout is grounds for added caution.  Otherwise, I still like the overall setup and will be watching tomorrow’s action in this one to see if it can gather some strength.

Closed Positions:

LEAP truly leaped higher yesterday after triggering a buy, running more than 7% higher once it cleared the trend line.  It pushed through Target 1 where I took 1/2 profits, and attempted to make a run at Target 2, only to fall slightly short.  Last night I tightened my stop aggressively due to the close proximity to Target 2, and today I was stopped out of the trade at my raised stop.  This leaves me with a 4.5% net gain, which is nice for a 2-day trade, so I’ll take the money and run.  The stock showed no follow through today and actually ended up giving back about 1/2 of yesterday’s move.  I’ll keep it on the radar in case it sets up for another play, in which case I’ll re-list it, but for now I’m out with a quick profit.

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.

LEAP triggered, stop raised, Target 1 Hit.  FMCN triggered & stop raised. FLS & WYNN removed, INFA added

Open Position Notes:

LEAP triggered a buy this morning as it crossed the trend line at $17.85, and it never looked back.  Volume picked up along with the strength, pushing the stock to new recovery highs from its November low.  Today’s move took the stock not only through Target 1 where I booked 1/2 profits for a quick 4.5%, but it also nearly reached Target 2.  I’ve raised my stop tonight rather aggressively given the short distance from here to Target 2, and in order to lock in a solid winner should today’s move happen to falter, but so far this one is acting great.

FMCN triggered a buy this morning as it cleared its trend line at $16.20, and although it was able to push solidly higher, the volume wasn’t quite what I’d have liked to see.  Nonetheless, the stock is showing nice relative strength and turning higher after a multi-week pullback, so I’m going to tighten my stop to today’s low and see if it can build on today’s strength.

Closed Positions:

No closed positions.