Healthsouth (HLS) breaking through long-term resistance
Stock: Healthsouth Corp (HLS)
Long or Short: Long
Entry: 25.00
Stop-Loss: $24.10
Chart: Healthsouth Corp (HLS) Daily Swing Trade Setup
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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