Swing Trading Stocks to Watch
Swing trading stocks refers to the practice of trying to profit from market swings of a minimum of one day and as long as several weeks. In contrast to swing traders, day traders usually are in and out of the market in one day and trend traders often hold positions for several months. So, in terms of length of holding a trade, swing traders are in-between day traders and trend traders.
Each type of trading has its advantages and disadvantages. The appeal of swing trading is that it provides plenty of opportunities to trade; the dollar risk per trade is lower than with trend trading because of closer stops; it provides greater profit opportunity per trade than day trading; quick rewards provide emotional satisfaction. The downside of swing trading is that you must work hard all the time to manage trades; you are quite likely to miss major moves where huge profits can be made; frequent trading results in higher commission costs.
A good argument can be made that beginning traders would be well-served to start with swing trading as it allows enough trading action to gain experience; losses can be kept to acceptable levels with proper stop loss techniques, and it provides a good perspective to learn about both the short-term and long-term movements of markets.
Make sure to create a watchlist. These are simply stocks that have a fundamental catalyst and a shot at being a good trade. Some swing traders like to keep a dry-erase board next to their trading stations with a categorized list of opportunities, entry prices, target prices, and stop-loss prices.
Why am I looking to watch these trades come Monday Pre-Market
- TT Blackbox alerted them as swing trades in the last 15 minutes of market open Friday 2.21.2020.
- Based on each tickers 5 minute & daily chart they appear to continue in the same direction as the alert.
KSS – Looking at the Bearish swing play. TT Blackbox alerted bearish end of the day on Friday. I see the downtrend continuing into Monday.
Kohl’s Corp. announced a restructuring program that resulted in 250 job cuts, including regional store leaders and merchant team members. Kohl’s is offering severance packages and outplacement services to affected workers. “We are not closing any stores or corporate offices and we are continuing to hire in key areas,” Jen Johnson, Kohl’s senior vice president of communications, said in a statement. “The company is also continuing to invest in many areas of the business including our stores, technology, and strategic growth initiatives.” Kohl’s reported a 0.2% comparable-store sales decline for the holiday season.
Kohl’s Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products.
As of February 2, 2019, it operated 1,159 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers. Kohl’s Corporation was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin.
AAN – Looking for the Bullish Swing Trade. TT Blackbox alerted AAN as a bullish swing trade prior to market close, after bouncing off the bottom on a new low. Looking for the northern bounce to continue into Monday.
AAN reported robust fourth-quarter 2019 results, wherein both top and bottom lines improved year over year. The company’s earnings surpassed estimates, after missing the same in the preceding quarter. Meanwhile, sales marginally missed the consensus mark. However, the solid performance was not enough to appease investors, who seem to be let down by the 2020 outlook, which was lower than analysts’ expectations. Notably, shares of the company lost almost 19% during the trading session on Feb 20.
Aaron’s, Inc. operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in three segments: Progressive Leasing, Aaron’s Business, and DAMI. The company also engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.
As of March 31, 2019, it operated through 1,599 Aaron’s stores, including 1,230 company-operated stores; and 369 franchised stores in the United States and Canada, as well as its e-commerce platform, aarons.com.
The company was founded in 1955 and is headquartered in Atlanta, Georgia.