Disclaimer: The opinions in this blog are not to be taken as recommendations to buy or sell any of the securities mentioned. If you choose to invest, you are doing it at your own risk.
Friday, March 14, 2014
DOUBLE BOTTOM IN PLACE
Going back to the comment of 1/24/14, HLSS chart has formed a "double bottom". Now we face the next test, can the stock price (closing yesterday at 21.30) rise above the 50 DMA? Should HLSS close above 21.35 in the next three trading days, we can expect a jump in price. Meanwhile, those who got in earlier can enjoy an 8.5% dividend with the next monthly distribution of .15/share scheduled for 3/27/14.