JamesTaulman
Aug 24, 2:39 PM
MON 8/24:
$HIPO – BUYING (1/3) @
$35.54
10:15 AM – Starting a 1/3 position in this insurance stock as shares trade higher from the 10 DMA, break above recent highs near
$33.00, and do so with volume currently running 143% above average. That combination of support, breakout strength, and sharply expanding volume gives us a strong technical BUY SIGNAL.
James’ Trader’s Tip: Breakouts Are Stronger When Volume Confirms
• Advancing from the 10 DMA shows that short-term support is holding.
• Clearing recent highs confirms that resistance is being overcome.
• When the breakout comes with a 143% increase in volume, the move carries significantly more technical conviction.
https://buyingbreakouts.com/mon-8-24-hipo-buying-1-3-35-54/
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