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Healthsouth (HLS) breaking through long-term resistance

healthsouth swing tradeStock: Healthsouth Corp (HLS)

Long or Short: Long

Entry: 25.00

Stop-Loss: $24.10

Chart: Healthsouth Corp (HLS) Daily Swing Trade Setup

healthsouth HLS swing trade long

Reason for Trade: I've been watching HLS today after I spotted the ideal inverse head and shoulders pattern that had been forming of late. The stock breaking above resistance from the past year could very well lead to an  uptick in buying interest. Tight is stop and the reward/risk setup is very favorable. 

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ryan1Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida with a wife of seven years as well as one lively son. More >>

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