Last night I did the weekly stock analysis for HL that was requested by Goldfool. I pointed out the H&S bottom was nearing completion as we were trading right at the neckline. The 60 minute chart shows the clear breakout this morning with nice volume accompanied by a breakout gap.

HL 60 minute breakout.

The daily look shows how this mornings gap up, on the breakout, took out two resistance rails at one time, the neckline and the mid rail of the downtrend channel. Its possible HL may do a backtest to the breakout point but there is no guarantee that will happen. If it does happen that would be a great low risk entry point  if one is not already in the stock.

HL daily H&S breakout.