Hooker Furnishings Corporation (NASDAQ:HOFT) , a leading furniture manufacturer, demonstrated significant achievements in the third quarter of the 2024 fiscal year, highlighting the company's resilience and strategic vision. With earnings of $0.65 per share exceeding analysts' expectations and total revenue of $116.83 million, HOFT confirms its ability to overcome...
HOFT is breaking down from an upward channel formation. Twiggs money flow is deep on the negative side, and there was some insider selling. We think it has good downside potential if it breaks its recent support label around $40.43
* Trade Criteria *
Date First Found- December 14, 2017
Pattern/Why- Upward channel breakdown
Entry Target Criteria- Break of...
Strong bearish continuation with oscillators facing downward. Earnings call at 14:00 EST today, expected increases in earnings and sales discussed. Short fall may reverse by tomorrow.
The 2670/80 is a critical level (area) A hold below this level (below the Trendline) and we can expect to see further DS to 24.96 (1st Support). If the Trendline holds, the uptrend stays in tact and i will be Long...
