KAS109

HNGR - Breakout and Uptrend - Darvas Box

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NYSE:HNGR   None
Clear uptrend with moving average squeeze. Breakout from base = BUY SIGNAL! Previous runner. 2x volume in last 2-3 days. RSI = 72. Weekly and monthly solidly UP. I bought up here you could wait for it to come back in I guess. Focusing on trend here, rather than entry, and letting runners run. Risking 0.2 % capital since most uptrends fail. 1st resistance = $22.20 and 2nd = $26.66

Stop a few cents below latest low of recent base. Will use a close below the 10 EMA for a stop if it works.

Actively LONG.

About Hanger, Inc. – Built on the legacy of James Edward Hanger, the first amputee of the American Civil War, Hanger, Inc. (OTC PINK: HNGR) delivers orthotic and prosthetic (O&P) patient care, and distributes O&P products and rehabilitative solutions to the broader market. Hanger's Patient Care segment is the largest owner and operator of O&P patient care clinics with approximately 800 patient care locations nationwide. Through its Products & Services segment, Hanger distributes branded and private label O&P devices, products and components, and provides rehabilitative solutions. With over 150 years of clinical excellence and innovation, Hanger's vision is to lead the orthotic & prosthetic markets by providing superior patient care, outcomes, services and value. For more information on Hanger, visit www.hanger.com.
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