SwingTraderEd

HELE collecting institutional investors

Long
NASDAQ:HELE   Helen of Troy Limited
HELE is looking really good. The chart itself is creating a nice wedge and the MACD and RSI are both creating higher lows. There are frequent periods of large buying through this consolidation period and the icing on the cake is the 14% short float in this stock. The defensive sector could see rotation soon too.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.