J-Hook” Breakout in SWHC”

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October 17, 2013 at 12:50 pm #2557

Steven Place
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After a corrective pullback into 10.25, the stock reversed hard on earnings. It’s now putting in a 3-day consolidation… this pattern is a variation of a “j-hook” pattern.

On a move above 11.25, I like buying the Nov 12 Call for 0.40. Long stock works just fine as well. Stop under 10.90.
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