We are sticking with yesterday's Pick of the Day, which closed up over 4.5% and is up today again. A really BULLISH sign is that institutional buying has just come into HOKU yesterday:
http://stock-promoter.thesubway.com/thesubway-clients/hoku-is...
The chart is looking good as HOKU is just getting about the 50 day Moving Average:
The STOCHASTICS are looking good, though we could see a pullback as the %D (White Line) gets higher. The %K (Red line) is already over 80, which can signal a top in the stock. We are going to watch the volume closely though as if volume does not increase we will look to make an exit with a tight stop following HOKU:
Our daily chart continues to look good:
Our 15 MINUTE chart is showing continued momentum:
Our WEEKLY chart is showing a continued longer term up-trend for HOKU:
Finally HOKU is above resistance of $5.79. The next support level is $6.74. We are adjusting our stop to follow HOKU as we are up since our initial Pick of the Day yesterday. We will set our stop just under $6 to protect our profits.
$6.01 (08/26/08)
