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HIMS

Breakout Trade in HIMSHIMS is another high growth name. Sales have nearly doubled in each of the last four quarters and losses are steadily declining. HIMS stock got overcooked after rising 195% between October and May, triggering a 30% retracement. This stock also has an “undercut & rally” setup forming. Note the dashed line on the chart above. This was a significant area of resistance previously, so the move below this level last month likely took out a lot of investors. Shares have consolidated in a tight range on low volume for the last two weeks. This is likely support buying as longer-term investors build or add to their positions. I want to see a move above the support/resistance line at 9.50. A move above that price would be my buy trigger. My stop loss would be at 8.70 to risk 8% on the trade.
NYSE:HIMSLong
by rossgivens
Long Trade in HIMSHIMS has been a market-leading stock for several months. It has tripled since October and is now consolidating at all-time highs before its earnings announcement. The company is scheduled to report after market close on Monday, 5/9. If I were a gambler, my bet would be that they beat and surge higher. Personally, I’m not willing to risk it which is why I recently covered my position in HIMS for a quick profit. But if Monday’s numbers are good, I will consider buying back in on Tuesday morning.
NYSE:HIMSLong
by rossgivens
Long Trade in HIMSHIMS is an exciting new company taking the awkward discomfort out of sensitive medical issues for men and women. They have two sites – Hims and Hers. The sites are catered to each gender and offer hair loss medications, prescription skin cream, anxiety drugs, and sexual dysfunction treatments via quick, online doctor visits. The company then ships the drugs or product directly to the customer’s home. The company went public three years ago, and it has been a roller coaster ride for investors. Shares have been as high as HKEX:25 and as low as HKEX:3 , all in just the last couple years. But the stock is showing signs of a new breakout higher. The 10, 21, and 50-day moving averages are stacked tightly below the stock to form a launchpad setup. We have also seen price consolidate nicely over the last six weeks as investors digest the blowout earnings numbers. I bought some on Thursday near HKEX:10 per share and we issued this as a new trade idea on Friday, 4/14 just before the breakout. So far it is playing out well with a clean move on high volume. The stock needs to stay above $9.35, or I will consider getting out.
NYSE:HIMSLong
by rossgivens
HIMS & HERS on FIRE! Technical AnalysisGood afternoon Investors, HIMS is extremely strong today. This comes after retesting reactionary zone 1 (previous high) of $7.16, and for 2 weeks now it has been climbing. I still think we have more upside movement left before another move down but only time will tell. Right now, I am projecting hitting $9.00 if not pretty darn close to it at least. I hope you all enjoyed my video and don't forget to follow for more upcoming new videos. Happy Trading !!!
NYSE:HIMSLong
by Vic_Tech_Trader
7
HIMS & HERS Weekly ProjectionGood evening traders. Waiting on 1st reactionary zone to be tested at the $5.55'ish area based off the weekly chart. After a long bullish move up for several weeks, this is considerably a healthy pullback. On the monthly time frame, however, there is an OB VOID taking HIMS all the way back down to the mid $4's. Considering DJI and SPX have now turned into huge sellers, HIMS has held rather nicely on numerous occasions. Only time will tell. Overall, waiting to average down if and when the market reaches mid 4's. Other than that, enjoy the rest of your weekend everyone and remember. Happy Trading!!!
NYSE:HIMSLong
by Vic_Tech_Trader
HIMS.... Heaven or Hell ???Good morning traders. We are at a crucial point here on HIMS where we can see we drop range, drop again and it seems never ending. Well, even though we have been green for the last couple of days, I see another push down and will remain ranging into that area until we get a breakout. I personally believe these are super cheap prices for HIMS, noting that they continue to crush earnings. As long as the company continues to perform how it has been since it came public we should see a major shift shortly. I have been averaging down and will continue to do so. Hope this helps and don't forget, happy trading...
NYSE:HIMS
by Vic_Tech_Trader