HOS breaking through 7dma and 62% retracement
Down-trending stock over last year that couldn't hold bounce with recent earnings beat. Recent bear-trap pattern and now breaking through 7dma and 62% Fib. retracement (from 6/12 rally to high of 60 last fall.)
Using 43 as a stop, looking for a price target of 39 (72% Fib retracement that it bounced off of in the spring)
Using 43 as a stop, looking for a price target of 39 (72% Fib retracement that it bounced off of in the spring)
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