HL – Hecla Mining (Last:5.30)

Using information disseminated in the chat room, we took a casual swing at Hecla yesterday that was based on a minor impulse leg and a strong tout from our friend Phil Calderone. I will formalize the effort to get long in this stock if an exceptional opportunity arises, but at this moment I do not share Phil’s sense of urgency. A print at 5.62 would change that, but we can let it happen first before we act. For those eager to imbibe more risk, the stock is working on a bullish impulse leg on the hourly chart that bids fair to deliver 5.47. (A=5.10, on June 7; B=5.39, C=5.18)  The entry signal was tripped ay 5.25, but the stock would need to push above the 5.33 midpoint to become a more enticing bet. Entry at that point would presumably be via camouflage, but you may need to hunker down on the 3-minute chart to find it.