Filed Under:
Tickers in this Article:
HAE has experienced a nice run since the beginning of September, but the recent close below several support levels suggests that we could see a short-term pullback. As you can see from the chart below, the ascending trendline and the 50 DMA have both historically been areas of support (illustrated by the white arrows), but Monday's sharp drop below the 50 DMA can be interpreted as a clear indication that the bears are gaining control. We'd expect to see the 200 DMA act as the next level of support in the event the bears keep pushing the price lower.

comments powered by Disqus
Trading Center