Human Genome Services Inc Revisited (HGSI)

Sometimes the best trading strategy you can apply is to be persistent, focusing on it until you achieve your goal or the setup invalidates itself.

Our suggested trade set up in HGSI, a “Shake Out Plus Three” entry, never really triggered. Price traded into the area where we were looking to buy but volume was conspicuously absent. It doesn’t surprise us that price retreated to its 50 MA. But we still like the set up.

Trading has been orderly, so orderly that the last three weeks have tight closes, usually a bullish sign. And price gives an indication that it is turning off the 50 MA, likely to make another attempt at the buy zone.


We’d still recommend long entry on any move into the zone on volume with the goal of early entry on a break out from this double bottom base that is almost the minimum required seven weeks in duration.