Sunday, August 17, 2014

Opened: HCLP

HCLP has been one of my favorites this year.  I'm re--entering the sand box. 

I bought HCLP today at $61.66. Reason for the entry was the bounce off the 10 Week MA, which has been a good entry in this stock.  The Weekly Chart shows how well the 10 MA has supported this Stock's run.  The competitors remained strong.  HCLP's weakness was due to a secondary offering.   By comparison, EMES had announced a secondary and has already completely recovered.

Stop: Close below 10 Week MA. 

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