The metals are on a tear and Helenca Mining is along for the ride. We are long 75 shares from $2.07 and 25 shares from $9.13. You can see how the shares bounced of the 100 dma and now seem poised to crash through the 200 dma. You can also see those moving averages flatting out and turning up. I am tempted to buy more right here, but a look at the stochastic says wait a minute. I held on to this stock through the flush out in February so I'm not about to let go now. But this up move has the feel of rotation to it rather than a change in fundamentals or market perspective on the miners. The beat down was artificial and the ride back up is just the other half of the rotation game. I would not add to HL until it breaks it's 200 dma or pulls back to about the 100 dma, then turns up.
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