There are two new longs for Monday and neither are perfect so nobody, and I mean nobody, should think that they should load up on either stock. HGR I do like better than the speculative KEYN as HGR is in the health services/medical field which seems to be a more promising sector to put money in compared to a computer networking group stock. The good news about both stocks is that there is clearly more accumulation than distribution on the charts and there is a fair amount of green BOP in both. However, remember, like I said, neither are perfect and there is no way I can see doing anything but dipping my toe in the water with both stocks. Neither one are setup as XSI (with three months of straight green BOP and strong accumulation) which was near perfect but maybe HGR can be a mini-XSI. If not, the line in the sand is clearly drawn at the 50 day moving average. Unless something horrible happens, neither stock, if they fail, will hurt you too much.
new speculative Featured long position: HGR
HGR is bouncing off the 50 day moving average and breaking out to a new 52-week high, closing right near the HOD, on strong volume. Cut your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.
new speculative long position: KEYN
KEYN is bouncing off the 50 day moving average, putting in a bullish intraday reversal closing near the HOD, and is making a multi-month high, on strong volume. Cut your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.
