Cheers Skinny for bringing HFD to my attention, wouldn't have had the Hammer confirmation until tomorrow so may have managed to get in a little early today as it wasn't on my watchlist. Gone long on HFD:
*Hammer on today's daily (technically should've waited for end of play today and a few days later to see if the Hammer was REALLY the bottom but twitchy fingers and all that!)
*Double bottom at 265 going back to Sept 2011
*Trading range between 270-330? Good risk:reward with a stop below today's Hammer low
*Pierced the Bolli Band
*1 hr - MACDs about to crossover, RSI/Stochs about to head out of oversold levels
*Daily - MACDs under 0, RSI/Stochs oversold, ATR exhausted suggesting bears have run out of steam
*Currently HFD is in a buyback programme
*Report end of May 2012, not expecting blockbuster figures but with a forward P/E of 8 not too tasking an ask
Kind Regards
KullyB