Tuesday, December 25, 2007
HW Shortable
HW can't seem to overcome its 50 sma. The moving average has consistently provided strong resistance that has continued to propel the stock lower over the last year. The stock is now right at its 50 sma once again and is looking ripe to short. I'd look to short right at the 50 sma (currently 12.84) but I don't think starting a short position right here should be out of the question. The stock looks really weak here and could simply not make it up any higher. Stop out around 13.50.
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