After selling out of my HCLP position onThursday , I put a limit buy order just below the 10 Week MA at 62.7 in hopes maybe I would catch a tail below the Magic Line. To my surprise, I was filled. HCLP continued the onslaught selling on a low of 60.27, but Friday brought a reversal and relief from the selling.
I would have closed out the position if it had not recaptured the 10 Week MA since it has held for over a year now.
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