Hammond is my largest single stock holding for obvious reasons. We just hit the 1.618 fib, I have been searching heavily for any pullbacks on this stock and we simply arent getting them. Analysts are now projecting 170$ targets. If we are going to pull back it should be around now since this is a very key extension level most of the time.
-Short-term bearish...
Hammond I covered a few times in the past. This illiquid small cap is a larger player in my portfolio and performed exceptionally well last year. Momentum wise, the stock just confirmed the almighty golden fib. I expect great things from this compounder in the future.
My thesis for this stock revolves around the fact they are one of the major players in the...
Hammond tends to peak RSI around 85 and that area is marked with the dashed green line. This stock has extreme momentum on very strong financial performance. The stock also recently broke a key 500 million dollar market cap. A medium term downtrend was broken as well showing strength both medium and long-term. I do expect the RSI to come down soon but that does...
Hammond is a thesis I am very excited about, I should write a full article on it. This companies earnings just blew expectations out of the water. The sideways channel is broken and the company is cleared to hit a 1 billion dollar plus market cap which will garner attention. If this stock gets listed on NYSE I will be very amped about it.
This is one of my favorite growth stocks, I find it cheap although its annoying to buy since its mostly OTC indirectly. This could be a potential double top, but this stock doesnt seem to care as it prints new all-time-highs month after month.
Hammond is my newest long-term position, between their amazing quarterly performance, and the increased need of transformers world-wide, I believe it has a safe moat. TA wise the stock fell out of its exceptional channel and fell below the 20SMA. Looking to reclaim momentum back towards the channel or at least staying above the 20SMA.
Watching this one for a consolidation breakout.
Could drop a bit more, and then consolidate again. Either way...expecting a long trade fairly soon.
On the 'Watch Close" list due to a lot of recent momentum and recent price consolidation.
