HPH Trust: The stock successfully breached the $0.70 resistance-turned-support yday, and is a potential break out candidate, after being range bound for the past 6 mths. Nevertheless, the key indicators are displaying overbought signals, hence aggressive traders who enter at current levels may consider a tight stop at $0.695.
Longer term, the counter appears to have bottomed out at $0.55, and the downtrend negated. Investors with a longer term view can look to buy on pullbacks towards the 20day MA. Downside risk appears limited with $0.60 as a floor, and supported by the stock's 8.1% FY12E yield.
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