10/7

[REDDIT] Traders Discuss HWM as Example of Breakout Strategy in Quiet Market

Howmet Aerospace Inc. (HWM) shares are up 0.78% to $102.83 as of 4:08 PM on October 7, 2024, with no significant news driving the move. The stock has seen limited discussion on Reddit, with only one mention in the past 24 hours. One user on r/swingtrading provided an example of HWM in a broader discussion about trading breakouts, stating, "An exampel is here with HWM. Here, we are talking about a horizontal breakout. (purple box) We got a breakout, which then moved higher slightly, before again retesting the purple line." The user emphasized the importance of waiting for a successful retest of the breakout level before entering a trade, noting, "With a retest, we want to see the trade hold ABOVE the resistance it is retesting."