$HUSA Possible Breakout signal triggered $HUSA ha
Post# of 474
Posted On: 09/10/2012 12:39:49 PM
$HUSA Possible Breakout signal triggered
$HUSA has been on my watch list for over month having formed a bottoming pattern and followed it up with a bullish consolidation chart. Today it has popped and may close above both the 20 and 50 DMA.
It attempted a breakout back in early August but was ultimately pushed back down into the 90 cent area. If it can get a convincing close above the 20 DMA today this could be the signal that I am looking for.
In addition, there is a 20 DMA cross over the 50 DMA which gives a supporting uptrend signal.
[IMG]http://i.imgur.com/LP3wK.png[/IMG]
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