Home Inns & Hotels Management (HMIN)
This company develops, leases, operates, franchisees, and manages a chain of hotels in the People's Republic of China. This stock is trading up 2% at $27.53 in recent trading.
Today's Volume: 361,000Average Volume: 236,637 Volume % Change: 169% From a technical perspective, HMIN is bouncing modestly higher here right above its 50-day moving average of $26.49 with above-average volume. This stock has been trending sideways for the past month, with shares moving between $25.83 on the downside and $29.67 on the upside. This bounce today is starting to push HMIN within range of triggering a breakout above the upper-end of that range. That breakout will trigger once HMIN clears $29 to $29.67 with high volume. Traders should now look for long-biased trades in HMIN as long as it's trending above its 50-day at $26.49, and then once it sustains a move or close above those breakout levels with volume that hits near or above 236,637 shares. If that breakout triggers soon, then HMIN will set up to re-test or possibly take out its next major overhead resistance levels at $32.95 to $33.27. Any high-volume move above those levels will then put $35.89 into focus for HMIN. To see more stocks rising on unusual volume, check out the Stocks Rising On Unusual Volume portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.
Twitter and become a fan on Facebook. At the time of publication, author had no positions in stocks mentioned. Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com . You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts