Hertz Global (HRTZ) Breaks Trendline Support

By | September 29, 2014

Last week shares of Hertz Global Holdings (HTZ) broke below a trend line that had been supporting the stock price since the beginning of the year. Positive money flow has been trending lower and the RSI and MacD have moved below their centerlines. The stock offers a good risk/reward short entry point at its current price, with a position size that accommodates a buy-to-cover stop above the 10 week moving average.

29. HTZweekly chart

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