Jan. 17 at 8:12 PM
$HSIC is looking like a high-conviction momentum play as it pushes toward its 52-week highs. 🦷📈
The stock just cleared a major hurdle, reclaiming all key moving averages and gaining 5.5% since its Jan 13th pivot bottom.
With the new CEO at the wheel and an efficiency plan expected to boost margins, the "Sleeping Giant" is finally waking up. RSI is hot, but the volume-supported price action suggests the bulls aren't done yet.
Key Levels to Confirm:
🐂 Bulls: Need a daily close above
$81.91 (52-week high) to confirm a "blue sky" breakout toward the
$90.00 analyst target.
🐻 Bears: A failure to hold
$76.13 (accumulated volume support) invalidates the immediate bull run and risks a retest of the 50-day SMA at
$73.79.
#hovdid
