Trade Ideas: HYSL

On paper at least, it doesn't look like markets have made much of a change on yesterday. But the Trade Ideas scan was showing a noticeable slowing in the buying; the 8 pick list would have covered a time span of 8 minutes. Also slowed down was the number of appearances stocks made on the scan; top of the pile, Hyperion Solutions, (HYSL) only managed 20 appearances over the course of the day.

Because of a tick error in the candlechart for HYSL I have opted instead for a line chart. There is a clear upward channel (and smaller handle) which can be traded based on the closing price (ignore intraday swings). Buy break of $35.70, sell loss of $34.70.

Hyperion Solutions Corporation provides business performance management (BPM) software solutions. Its solutions enable customers to collect, organize, and analyze data from various transaction systems, such as accounting, billings, bookings, supply chain, sales force automation, and call centers. The company offers Hyperion System 9 Applications+, which enables financial professionals to formulate strategies; model scenarios and assumptions; develop operational and strategic plans; monitor performance against plans; and consolidate financial information for management and statutory reporting.



If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.



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