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TheStreet Directory

Dow Jones S&P 500 NASDAQ 10-Year Note
10,390.11 1,103.25 2,189.61 34.48
Oil *
76.70
UP
1.21
DOWN
2.73
DOWN
4.74
DOWN
0.35
10 Yr
3.45%
SPDR Gold
113.11
+0.01%
-0.25%
-0.22%
-1.00%
Data delayed 20 minutes

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,390.11 1,103.25 2,189.61 34.48
Oil *
76.70
UP
1.21
DOWN
2.73
DOWN
4.74
DOWN
0.35
10 Yr
3.45%
SPDR Gold
113.11
+0.01%
-0.25%
-0.22%
-1.00%
Data delayed 20 minutes


RealMoney.com : TSC Technical Forum


HCA's Chart Is a Picture of Health

By Gary B. Smith
Special to TheStreet.com

11/12/2001 07:26 AM EST

HCA (HCA:NYSE - news - commentary - research - analysis) is really a simple story. And that story is all about risk and reward. That is, the best time to buy is when your risk is low and your potential reward is high. For HCA you have that exact situation if you assume that Oct. 24 was a blowoff low. And is that a good assumption? Probably, as we know it was a big down day, coming after a number of down days. Even better, volume was huge. Add those together and you have the recipe for a blowoff low.

But there's more. Not only was Oct. 24 a probable low, but it also marked hardy support for HCA.

All of which says, if you buy HCA in the mid-30s, it is unlikely to fall much further, but very likely to rise a lot more!



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TheStreet Directory

Dow Jones S&P 500 NASDAQ 10-Year Note
10,390.11 1,103.25 2,189.61 34.48
Oil *
76.70
UP
1.21
DOWN
2.73
DOWN
4.74
DOWN
0.35
10 Yr
3.45%
SPDR Gold
113.11
+0.01%
-0.25%
-0.22%
-1.00%
Data delayed 20 minutes



Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. At time of publication, he held no positions in any securities mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith writes a daily technical analysis column for RealMoney.com and produces a daily premium product for TheStreet.com called The Chartman's Top Stocks. While he cannot provide investment advice or recommendations, he invites you to send your feedback to Gary B. Smith.
Read our conflicts and disclosure policy.
Order reprints of RealMoney.com articles. Top



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Sorry, the page you requested could not be found

Sorry that you couldn't find the page you wanted.

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TheStreet Directory

Dow Jones S&P 500 NASDAQ 10-Year Note
10,390.11 1,103.25 2,189.61 34.48
Oil *
76.70
UP
1.21
DOWN
2.73
DOWN
4.74
DOWN
0.35
10 Yr
3.45%
SPDR Gold
113.11
+0.01%
-0.25%
-0.22%
-1.00%
Data delayed 20 minutes