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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Probart who wrote (73752)11/30/1999 11:29:00 AM
From: Jenna  Read Replies (2) of 120523
 
HLTH.. formed a cup and handle on the 10 minute chart but I would NOT enter until it hits between 47 1/2 beginning of breakout to 48 which is nearly a retracement to days high. Traders kept averaging down feverishly on JCDA at 22 and higher only to have the stock trading at 20 1/4.

HLTH will probably do fine but just get in when the technicals give a signal, it will come soon enough. My short worked fine for me and if it doesn't end up triggering my buy limit, I'll conclude the stock is NOT going into a uptrend but is still in a trading range.
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