HTZ does appear to be in a short term breakout mode. It seem breaking out a down trend line in increasing volume after a huge decline. It had good insider buying back in November at $27. We think it can go up to $28
* Trade Criteria * Date first found- March 16, 2017 Pattern/Why- Trend Line breakout Long Entry Target Criteria- Pull back to $22.40 Exit Target Criteria- $25.93 & Momentum Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Trade active
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March 17th - Pulled back to entry criteria, but closed further down below. Now waiting for a breakout.
Comment
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March 20th - Declined further and closed below MA50. Putting a stoploss at $20.63 to prevent big loss.