Pushing up against the steep descending trendline.
Broke out of wedge
Breaking out of wedge.
65.00 area might act as support for a snapback bounce.
XHB has been trading inside a channel since last September. Long term uptrend line from the latter part of 2011 remains support. However, under both 20 and 50 SMA, and price is hovering around trendline.
Breaking wedge to the downside. Support at 210. Additional downside if 210 breaks.
Price target is around 164.
Watching for confirmation.
Range getting tighter.
Watch for breakout above 24.00. Short float is 11.6%.
See notes on chart.
Bull flag.
Symmetrical triangle.
Bear flag still in play after this morning's rally.
Reversion to the mean trade? See notes on chart.