HFC – Simple Trading Update – 14 November 2013

simple trading

Did you catch the entry in HFC?  The day after we posted HFC as a Stalk candidate, the stock suffered a sharp reversal back toward the level we suggested would change our bias ($39.65).  2 days later price began a new ascent and today has soared toward the recent interim high ($47.18).

The most recent move has created a new higher low support level and, we suspect, price will exceed that $47.18 resistance in short order.