Hospira Finds Its Path

Hospira (HSP) completed a 2 year triangle thrust in July 2013, indicating a target of $47, which has not been met yet. When a pattern is huge and has a target that seems far away, charts sometimes morph into a continuation pattern which offers a topping or pyramiding opportunity. HSP just finalized a 5-months rectangle which could be the needed pattern to attain the initial target, which measures spot on.

hsp

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