May 16

HOS: 5-16-07: Trade Setup

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HOS is setting it to move into a bearish trend. We are going to set an alert for a future trade.
Below is the analysis for the stock. An alert will be set at the red line on the graph. Once the alert is triggered, we will examine the chart again. At that point, we most like will place an entry at the yellow line. We are looking to ride this trade for roughly $2.00. Once we exit out of the trade, we will examine the charts to determine if another bearish entry exists. However, we will exit first in order to preserve profits. Remember, this stock has had a big bullish trend. It may only be in a pull back scenerio when we enter. We do not want to enter a long bearish trend until we know for sure it is more then a pull back situation. Stop will be 37.10.hus_5_16_07__240.png
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