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Headwaters(HW - Get Report) provides products, technologies and services in the building products, construction materials and energy industries. This stock is trading up 17.7% to $6.43 in recent trading.
Today's Range: $5.36-$6.44
52-Week Range: $1.05-$6.17
Volume: 1.5 million
Three-Month Average Volume: 631,017
Shares of HW are soaring today after the company reported earnings per share of 3 cents for the quarter, missing Wall Street estimates of 4 cents per share. The company's revenue for the quarter was up 9.3% on a year-over-year basis.
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From a technical perspective, HW is ripping to the upside here off some near-term support at $5.25 with above average volume. This move is quickly pushing the stock within range of triggering a major breakout trade. That trade will hit once HW takes out some past overhead resistance at $6.41 to $6.51 with high volume.
Traders should now look for long-biased trades in HW if it can sustain a move or close above those levels with volume that's near or above 631,017 shares. If that breakout triggers soon, then look for HW to trade north of $7 in the near future. At last check, HW has hit an intraday high of $6.44 and volume is huge with over 1.48 million shares traded.