HNNA trade ideas
Big bullish divergence in Hennessy AdvisorsHennessy Advisors is rated undervalued and high quality by S&P Capital IQ. It's profitable, but it almost always misses earnings estimates. The next report date is August 1. On purely technical grounds, I think the stock may move up ahead of earnings. It's got a big bullish divergence that formed over several weeks. The stock is up 5% today.
HNNA repeat of previous year Aug-Oct Swing?History repeat itself think 21% return in two months think this is a great entry. Bounced here last August and in 2015.
Entry think may go little lower but entry at 14.40-14.60 would be good.
