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bhowe
May 6, 2016 3:26 PM

HBM Long

Hudbay Minerals Inc.NYSE

Description

HBM tagged teh 25DMA and with good volume is moving higher. The recent sell off has reset the RSI and is nearly there on the %R. 50% retracement on the Fibo looks good. I supect this is a low risk spot to get in and ride up to $6.50. Set a stop below the 25sma.
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