(HDSN - Get Report)
This is a refrigerant services company providing solutions to recurring problems within the refrigeration industry. This stock is up 7.66% at $3.68 in recent trading.
Today's Range: $3.44-$3.73
52-week Range: $1.01-$4.23
Three-Month Average Volume: 131,218
From a technical perspective, HDSN is bouncing hard here, right off its 50-day moving average of $3.45 with above-average volume. This move is quickly pushing HDSN within range of triggering a major breakout trade. That trade will hit once HDSN takes out some near-term overhead resistance at $4.06 and then its 52-week high of $4.23 with high volume.
Traders should now look for long-biased trades if HDSN can sustain a move or close above $4.06 to $4.23 with volume that's near or above 131,218 shares. If we get that action soon, then this stock could easily hit $5 or higher in the near future.
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