HOV is one of the longer standing Active Short Trade ideas on the site.  This home builder stock was first posted as a setup back in January with a entry to be triggered on a break below the ascending channel.  The stock did go on to trigger a short entry shortly afterwards and has basically been limping along support since, with the trade barely exceeding the entry point on the two subsequent failed attempts to take out the January channel backtest levels and remains profitable at this time.  All previous daily charts for this trade are posted below for reference with some detailed notes on the final (updated) chart below.  As stated, we need to see a solid break below the horizontal support level that HOV has been riding along for most of 2013 before the next short entry or add-on is triggered.  Suggested stop for those currently in the position would be on any move over the previous highs while those shorting a breakdown of support might consider a lower stop.  Price targets remains the same however I have changed my preferred swing target to the final target (T2 at 3.40).