The market traded in a fairly tight range today and most of our positions closed near, or slightly below, their Friday closing prices. The exception was ATHN (long) which sold off -2.71%. ATHN has retraced some of its recent gains and closed at a key support level of $28.50, its upward trend lines, and the 20-day and 100-day SMA's. I'm looking for ATHN to bounce from here back up towards our targets. If it fails readers may want to consider exiting positions.
All of our targets and stops remain the same for now. Please refer to the weekend newsletter for updates as the comments remain the same. Below is an updated snapshot of our current model portfolio.