So far today, we're getting a pullback which should come as no surprise to traders. We've been up six consecutive days, and that hasn't happened in years. So the prospect of rising for a seventh straight day becomes a bit of a stretch. I sold out of my Redhat position at $55.85 from 56.19 for a 0.61% loss. Which is really no biggie if you ask me.
I haven't added any new positions yet today, instead, I'm looking to close out another long position, just so that my exposure is curbed to the long side and my existing short positions are more meaningful to the portfolio.
Here's today's Lazy Trades:
LONG: Healthcare Realty Trust (HR)
SHORT: Hertz Global Holdings (HTZ)
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Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida. More >>