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H&E Equipment Services(HEES) is an integrated equipment services companies in the U.S. focused on heavy construction and industrial equipment. This stock is trading up 7% at $19.25 in recent trading.
Today's Volume: 291,000
Average Volume: 258,117
Volume % Change: 111%
From a technical perspective, HEES has started to move back above its 50-day moving average today of $18.98 with above average volume. This move has also triggered a near-term breakout trade since HESS has moved above some overhead resistance at $18.55.
Traders should now look for long-biased trades if HEES can manage to close back above its 50-day moving average today. If we get that action, look for HESS to make a run at its recent highs of $20.10 to $21 in the near future. I would then consider any high-volume move over $21 as a major breakout for HEES. Look for volume on that move that's near or above 258,117 shares.
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