HSP – Stock or Options Technical Set-Up

This is an ‘A’ set-up for me. On the daily chart it is just breaking out from a long consolidation period. On the weekly chart (below) you will see a volume pocket just above. Typically when a stock gets into a volume pocket it will quickly filly it. Earnings on Feb 12th.

This is easy to manage with a stop in place:
Conservative stop at $40
Less conservative stop at $38

Target for the trade is $50.

Screen Shot 2014-01-19 at 4.50.46 PM

Disclosure: I am currently long from $40 using options.

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