Trade Alert: HFBC bottom forming?

HFBC, technical analysis, decline, bearish, bullish, hedgefundlive, beaten up stock, investment

HFBC daily chart showing bullish candle 5-18-11

 

HedgeFundLIVE.com — HFBC has been tearing to the downside since the beginning of May, losing over 10%. Today, relative volume was 5x the normal level and the daily candle is very bullish.

HopFed Bancorp, Inc. (HFBC) operates as the holding company for Heritage Bank that provides various banking products and services primarily in western Kentucky, and middle and western Tennessee.

 

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http://www.hedgefundlive.com/blog/trade-alert-hfbc-bottom-forming

 

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