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Is HOFT signaling a buying opportunity? Pocket Pivot shows up after advancing 4.74%
On Thursday, June 18th, HOFT moved up 4.74% while volume was to 4.1× the usual levels. The unusually high volume suggests institutional participation in today's move. Multiple bullish signals emerged — Upper Bollinger Band Walk and Pocket Pivot — suggesting potential strength ahead. Key support levels exist at 15.22, 14.64 & 14.16, with resistance at 16.28, 16.76 & 17.34.
Current SwingTradeBot Technical Rating of HOFT: A
There’s more where that came from. See all of today’s signals for HOFT here.
Read full article here »