Great performance up to this point, but it it worth the risk before earning paying in the high 40s! We all know how the market reacts when earnings are sub-par. I can't locate any reliable information reagrding the company's current status. It is going up because IBD, a rising market and Louis Navallier recommended it. Interested in thoughts as to potential upside going forward.
move up started after earnings date was pegged ... also it is one of zweigs top 5 picks. this one has legs and even if pulls back after earnings it's going higher long term. why would the founder take it public after being private for 20 years and hold onto 50 percent of the float. he's setting it up for a takeover or sees huge future growth. I'm all in, just sorry no options.
Careful here! HITT, in its short trading history has always dropped in price going into earnings. It could drop as low as $35... after all Yahoo says the P/E is 46. Well above its peers. If it misses the analysts estimates it could be back in the 20's. The most prudent thing to do is wait until OCT 27th, (the day after earnings). If the earning are good it will still be on an uptrend.
fibonacci retracement for full year. 51.25 - (0.618 * (51.25 - 20.74)) = 32.39482 Hitt support level now. Volume is too heavy on the sell side. Don't buy until volume completely drys up.
Window dressing is coming up on monday, this is when institutional investors buy stock to show their customers how smart they are in picking stocks that are winners. but I don't think none of that will matter until after the Election day.