On August 19th’s watchlist, sent to ProphetAlerts.com subscribers, I detailed that HSFT is seeing relative strength in an otherwise weak and bearish market. I predicted that if HSFT could crack the $15.65 area again (the previous day’s high) this could be a catalyst for a run to $17-18 in the near term.
Here is a copy/paste from that watchlist on the night of August 19th:
“HSFT is a recent IPO that is surging in price lately… today, it gapped up and ran nicely on strong volume… this is up from a recent price of $11/share and hit $15.65 today… although this could be considered a potential short (and may very well be) you cannot ignore strength like this when the market was so weak and bleeding today. This is a potential buy if it can crack the today’s high of $15.65 on volume, but with a TIGHT stop at $15.00 per share. I can see this running to $17-19/share based on this pattern.. but anything can go, always protect yourselves on plays like this”
This is just a great example of the stocks I send out on watchlists to ProphetAlerts.com members so we can prepare to watch stocks in play and also discuss in the chatroom during market hours. Come JOIN US
Here is a visual chart of HSFT’s great run since my recommendation:
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