Monday, June 16, 2008

HTE confirmed breakout 6/16/08

It looks like HTE had confirmed a double bottom but then had a throw back, which formed a symmetrical triangle. HTE broke out of the symmetrical triangle today. If you are going to play HTE I suggest avoiding the options, there is not a lot of interest, and the stock pays you a .30 dividend monthly while the pattern unfolds.

Target range 26.97-28.20

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Last year HTE peaked at 29.84 on 7/16.

Click image to enlarge.

HTE is one of the stocks I track daily. Click here for more HTE research.

Always perform your own due diligence before making any investment.

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