May 11, 2008
HMA - NYSE. Found this Pennant Up just the other day. Rising volume and OBV since early this year shows the buyers are getting more and more interested in this stock. The pattern has a height of 1.67 (7.72-6.05). Adding this to the likely point of breakout at today’s high of 7.31 projects a target price of 8.98. Also there’s a gap to fill at 10.61 so a lot in favor here for a good trade.
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