Chart looks extremely attractive for bulls and bears I guess should wait the upswing to be completed before start a new attack. I am expecting Monday to be a bullish continuation for HEV. HEV are announcing earning on Tuesday 5/10, so another reasons for short to cover. On top of everything mentioned above while HEV stock price was dropping like a rock since it topped in mid January, in fact net institutional shares purchased over the current quarter is at 5.0M, which is 11.97% of a 41.78M share float. The stock is a great short squeeze candidate, with a short float at 11.91%. Shorts will need more than 7 days to cover it all and technically before HEV earnings are out, there is only 1 day left - Monday 5/9. Will see, how it turns out, but bullish short term case is pretty evident.
Symbol: HEV
Backtest Strategy: Pennystocks100 (5 min chart)
Period: May 6, 2010 - May 6, 2011
# Win: 0
# Loss: 0
Winners: 0%
Profit-Loss%: +0.00%
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