Stock Chart Analysis HRT

Posted by downtowntrader | 5/03/2007 08:34:00 PM | 0 comments »

Stock Chart Analysis HRT

Arrhythmia Research Technology, Inc. (Public, AMEX:HRT)

HRT continues to consolidate in the $22 area while pressing up against a down trend line. Notice the stock is looking like it will make a higher low along with higher lows in all the indicators. Bears are running out of steam here, at least in the near term. HRT could easily make a run to $27 even if this isn't a bottom, so there is a good risk reward setup developing here.

Good Trading