Hennessy Advisors is rated undervalued and high quality by S&P Capital IQ. It's profitable, but it almost always misses earnings estimates. The next report date is August 1. On purely technical grounds, I think the stock may move up ahead of earnings. It's got a big bullish divergence that formed over several weeks. The stock is up 5% today.
History repeat itself think 21% return in two months think this is a great entry. Bounced here last August and in 2015. Entry think may go little lower but entry at 14.40-14.60 would be good.
We can see recurring swing within steadily grow channel. The current price is slightly below channel bottom, reaching 1W EMA50. DMI is prepeared to confirm price growing, Stoch RSI shows clearly OB and MACD divergence points upwards while the price downwards showing weekness in bearish pull. Accumulation is very strong despite price decline signifying positive...