Posted On: 12/22/2013 10:21:16 PM
Post# of 2561
HIMX Daily Chart ~ The Break Above the Previous Highs Results in a Move into the mid 13.00s
It took a few weeks, but when the FullSto and MACDs crossed in November, the break of the highs of early October finally happened last week. HIMX gained more than 20% last week and is now up almost 50% from those November lows. I understand Cramer is all over the stock this last week, so that is probably the reason for the move on Thur and Fri. Excellent! Always nice to have some support from someone with a huge following. My strategy with HIMX will be the same as with AA, XRX and a few other big boards holdings, that being to swing trade the stock based on technicals. I wasn't in the stock during that great run for the 5.00s to the 11.00, but those who swing traded the stock at the highs when the FullSto and MACDs crossed to the negative did very well. GLTA
It took a few weeks, but when the FullSto and MACDs crossed in November, the break of the highs of early October finally happened last week. HIMX gained more than 20% last week and is now up almost 50% from those November lows. I understand Cramer is all over the stock this last week, so that is probably the reason for the move on Thur and Fri. Excellent! Always nice to have some support from someone with a huge following. My strategy with HIMX will be the same as with AA, XRX and a few other big boards holdings, that being to swing trade the stock based on technicals. I wasn't in the stock during that great run for the 5.00s to the 11.00, but those who swing traded the stock at the highs when the FullSto and MACDs crossed to the negative did very well. GLTA
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