Trade Ideas: HMX

I was able to pull this one from the Channel scan. Interesting handle developing below $9.25 resistance. The decline/rally has the look of a measured move, which should go as far as $12 (based on the point-n-figure chart). One can run a tight stop below recent action for a relatively low risk trade.

Hartmarx Corporation, through its subsidiaries, engages in the manufacture and marketing of apparel in the United States and Canada. It operates in two segments, Men’s Apparel Group (MAG) and Women’s Apparel Group.

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