One of the frequently traded Stocks with over 100 trades in 2 consecutive weeks is HEXP. This has been a long standing export companies in the Country and with a strong Dollar the expectations are high. As we are moving towards the Earnings Season of the December Quarter, Traders can not stay out on this. Only negative factor in this stock is the lack of liquidity, so you need to trade with volumes that you can easily get out in case you have to Stop Loss. Don't blame others but you if you over expose to this stock as a Trader.
This stock needs to close above 82.00 in the next few days and move towards 92.00. Initiate your entry between 78.00 and 80.00, with a stop at 72.50. Your 1st Target is at 92.00. If we see a Profit Growth then it could penetrate the resistance range of 2016 between 95.00 and 104.50, and new highs thereafter.
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