This unique medical stock has strong fundamentals, and a very nice jump in QOQ earnings. That’s usually something quite rare in this industry. The PPT puts [[hitk]] at an appealing hybrid score of 4.18 as of Tuesday’s close. Meanwhile I think it’s 3-month chart is interesting.
After a pullback from year highs, HITK found a floor at 20. HITK tested 24 yesterday right at the 20-day which usually leads to a slight pullback as it did today. So, that gives us a nice entry window between 20-23.xx. If HITK can’t hold 20, then we have a nice H&S short candidate with entry <20. So for now, I’m waiting for volume to pick up to bring this stock to new highs. It’s quite important to get volume here because it is a small capper, and volume is the blood of momentum.
Happy trading!
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$5 box, it sux it sux
“volume is the blood of momentum”
We seem to be all out of this everywhere lately.
Yup, you’re right. that’s why it’s important to keep trades both ways small. use the incremental approach to swing trading. overall market has been choppy with +-150 points on the Dow. it’s a trench warfare style trading. don’t get too tired ay.