NEW BULLISH Plays
Hanger, Inc. - HGR - close: 40.44 change: -0.01
Stop Loss: 39.45
Current Gain/Loss: unopened
Entry on January -- at $--.--
Listed on January 16, 2014
Time Frame: 4 to 5 weeks
Average Daily Volume = 159 thousand
New Positions: Yes, see below
Why We Like It:
HGR is in the healthcare sector. The company provides orthotic and prosthetic services and equipment.
The stock has quietly been trending higher from its September 2013 lows. Traders have continued to buy the dips near its rising 40-dma. That dip buying appears to have matured into a bullish breakout past round-number resistance at $40.00.
Today's high was $40.58. I am suggesting a trigger to open bullish positions at $40.70. Our target is $44.50. However, we will plan on exiting prior to HGR's earnings report (estimated in mid February).
Trigger @ 40.70
Suggested Position: buy HGR stock @ (trigger)