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Health Wellness Growth Name Seeing Relative Strength Near Breakout

by | Jul 25, 2024

Hims & Hers (HIMS) shares of the healthcare wellness name are showing great relative strength this week in a ugly market and closing positive on Thursday up 3.3% right near the top of monthly value area and seeing a bullish MACD cross. HIMS can break above 23.25 and is likely to move back to the highs at 25.75 with potential to target the Fibonacci extension near 27.50. Earnings are not until 8/5 so time for a possible squeeze into the report with the short float at 8.2%. This week saw a fresh buyer of 1300 November $35 calls at $1.55.

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