Wednesday, January 10, 2007

Today's Trade: HANS

I bought 500 shares of HANS at $36.04.

I had HANS marked for entry on a breakout over $36 resistance, and it easily blew past that level this morning. I sold have of my position at $37.65 for a $412.50 gain (4.5%). My target for the remaining 250 shares is $40, the last gap level.

Technically, the stock has a strong RSI and MACD readings, and just broke from a bollinger band volatility squeeze.

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