Adding to my first position in 2017. Bought more HTZ on Thursday 1/12/17 @ 21.92 (see blue arrow) and have an average price of 22.26. Based on the opening price from 11/8/16 and December lows, there looks to be some support at 21. If it breaks below this level, cutting my losses and moving on. Targeting 24.50-25 to take profits, which represented support in mid to late November and a bit of resistance the first week in January. I believe the reward to risk ratio is in my favor at this point, risking about 1.30 to make 2.50. Let’s see how it plays out.
- 1/17/17- Bought more HTZ @ 21.62. Average is 22.13
- 1/18/17- Sold HTZ @ 20.96 for -5.3%