Hooper Holmes Inc. (fka HPHWQ)

[JUPITER1963]

fom yahoo great read

HH has made a very easy to spot inverse H&S bottom. Here is the chart:

http://www.freestockcharts.com?emailChar...

The breakout is extremely clear and happened on heavy volume. The pullback to the neckline ALREADY took place to back test the broken resistance. HH is currently in a triangle pattern of sorts...

http://www.freestockcharts.com?emailChar...

The way I see it, that little triangle should mean HH either goes to about 1.15 or retests roughly .70. Since .70 is UNDER the iH&S neckline, I favor the 1.15 move.

Long today at .91

BTW, some like to poopoo these patterns. I remember about 2 years ago telling the shorts in the SPG board that SPG would likely hit 130. It was about 62 then. It's 120 today and has been on a steady upward path since getting out of its iH&S...

http://www.freestockcharts.com?emailChar...

The target for HH, based upon the inverted H&S is about 6.00 - 6.50. Could take years, but that is the 'textbook' target minimum.

Good luck. It should move pretty soon out of this little pattern. 70% chance it goes up.