I have just initiated a long position in HITT today at 58.70, after seeing the stock rebound of 56 support. The stock has short interest standing at over a million shares, so given that its a low volume stock, a further rally could lead to some further short covering that could help fuel the stock higher. But at the same time given the big bounce generally in equities I wouldn't be surprised if we see some selling pressure again before we head higher.
Entry: 58.70
Exit >65
Stop: 55
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