Buy: Hawkins Chemical (HWKN)
From Positive Patterns
Hawkins Chemical (HWKN) is a good example of a cyclical—finally breaking out of a long-time trading range. HWKN topped out at $50 in 2011 and since then has been in a sideways trading range. After the election, this one went on a tear and quickly broke through the $50-resistance area and now appears ready to move higher. I would also expect much higher earnings ahead. You can still buy this one up to $56, but I won’t chase it past that. This is a cyclical stock that should give us a very good performance the next few years.
Bob Howard, Positive Patterns, P.O. Box 310, Turners, MO 65765, 417-887-4486, January 17, 2017