Headwaters (HW - Get Report) provides products, technologies and services in the building products, construction materials and energy industries. This stock is trading up 7.2% to $4.16 in recent trading.
Today's Range: $3.89-$4.1952-Week Range: $1.05-$5.56 Volume: 418,000 Three-Month Average Volume: 573,013 >>Stocks Rising on Unusual Volume From a technical perspective, HW is following through today after the stock recently saw some buying interest near its 50-day moving average of $3.71. This move has now pushed HW into breakout territory since the stock is moving above some near-term overhead resistance at $4.09 with decent volume. Traders should continue to look for long-biased trades as long as HW is trending above $4.09 with strong upside volume flows. The next major breakout for HW will trigger once it takes out $4.54 with high-volume. I would consider upside volume that's near or well above 573,013 as bullish action. A possibly target if $4.54 is taken out with volume is the next major resistance level at $5.50.
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