Hexcel Corporation ( $HXL )– stock is trading under 100 dollars and offering a possible buying price between $83.95 – $88.15. Let’s look at the stocks technical actions using a weekly chart.
2. The stock brokeout in the end of January from a deep correction.
3. The stock had a few weeks of solid run after that.
4. The stock went into a little longer consolidation after that.
5. The stock brokeout again and witnessed another good run, as well.
6. The stock appeared to consolidated the gains, again.
7. Though, the stock lost support around the 50 day moving average during the consolidation, it quickly recovered the support.
8. The stock is offering possible buying price between $83.95 – $88.15, with a stop loss at $77.23.
This stock is already part of our Stocks under 100 Dollars pick and performance will be tracked here.
