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.