New Stalk Candidate 9 Jan 2015 – HCI Group, Inc. (Formerly Homeowners Choice, Inc.)

simple swing trading

HCI looks to be coiling for a spring higher.  The trendlines provide good reference points for both stop loss placement as well as confirmation of a breakout.

Long setups look good as long as the stock maintains an upside bias.  Let’s use $33.00 as an ultimate level below which you should close long trades, and/or stop taking buy setups.

Summary Profile (Reuters): HCI Group Inc, formerly Homeowners Choice, Inc., incorporated in 2006, is a holding company. The Company, through its subsidiaries, is primarily engaged in the property and casualty insurance business.

Good trading.

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