Here’s the back end of the Harte-Hanks ($HHS) trade – July 1, 2022

by DAN H 
Let’s look at Harte-Hanks ( NASDAQ: HHS ) here. I mentioned this a couple of days ago in the Chart of the Day or FITZ IN FIVE, as I call it. It just seemed like the kind of stock that, it’s done going up, it has to be, it is so extended. You look at it on the weekly chart and you say, absolutely, this stock is done going up. And yet it’s not And so we look at this on the daily chart and you can see how this volume has really, really blasted this stock off.

Now, at this point though, I would suggest that it is time for you to take profits. I got in on this stock very late. I just saw it earlier this week so I haven’t caught much of this move at all, but I am no longer in it, I just took the money and ran in this kind of market.

So I would suggest that you not have faith in the trend. Don’t have faith in anything else, have faith in the trade, not the trend. If you took that trade when I suggested it, then why not just be happy with that and take the money?

Now, the stock is still printing higher lows, which is what we like to see, intraday lows. It is still printing higher intraday highs, which we also like to see. But this is the first lower close that we’ve seen since back here, on the 22nd, a couple of weeks ago. And so I think it’s time for you to just take the money here, okay?

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