FRI 9/11: HIPO – Got Turned Back From Its 10 DMA Today – Not Good

9:10 PM – We are currently reporting on this stock as an active holding and continue to monitor the stock closely for any technical SELL SIGNALS.

The focus always remains on price/volume action around key support levels, including the 10 DMA, 50 DMA, and any nearby trendline or ROUND-$ support.

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Chart services courtesy of stockcharts.com. Annotations by James Taulman.

TUE 9/8: HIPO – A Break Below $32.00 Would Be a Sell Signal

Latest Chart Update: HIPO

9:45 PM – We are currently reporting on this stock as an active holding and continue to monitor the stock closely for any technical SELL SIGNALS.

The focus always remains on price/volume action around key support levels, including the 10 DMA, 50 DMA, and any nearby trendline or ROUND-$ support.

CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.

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.

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Chart services courtesy of stockcharts.com. Annotations by James Taulman.