A couple of hours into trading today and HYGS is already up 10% from the Open. Average daily volume is about 400K, so far today volume is approaching 750K. Still looking very good.
I look for repeating patterns in sectors that are showing good relative strength. In this case, I like breakouts basis the weekly charts that don't have any significant nearby overhead resistance. Confirm the pattern with volume, some basic fundamentals, stir in a little salt and pepper and bake at a 350 oven for 45 minutes or until brown across the top.
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A couple of hours into trading today and HYGS is already up 10% from the Open. Average daily volume is about 400K, so far today volume is approaching 750K. Still looking very good.
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Great catch allan!
ReplyDeleteHow do you find these? What screeners do you use?
Thanks!
-Anar
How do you find these? What screeners do you use?
ReplyDeleteI look for repeating patterns in sectors that are showing good relative strength. In this case, I like breakouts basis the weekly charts that don't have any significant nearby overhead resistance. Confirm the pattern with volume, some basic fundamentals, stir in a little salt and pepper and bake at a 350 oven for 45 minutes or until brown across the top.
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