AH : Buy 13.60-13.70, Sell 14.20, stop 13.45
March 3, 2011 Leave a comment
Another reader asked us to comment on the buy call on AH by a certain local broker. The stock has been under pressure for a while now, but does have signs of a potential rebound pattern. What’s needed is a strong (volume supported) move above 14.30 on a daily closing basis, and indeed all the better if its on the weekly chart.
Consider a punt from 13.60-13.70 with a stop loss at 13.45 and an initial target at 14.20
If it sees momentum build strongly, then a breakout above 14.25-14.30 should see it advance to 14.6-14.7