Homeowners Choice ( HCII) is engaged in the property and casualty insurance business. This stock is trading up 7.2% at $23.51 in recent trading. Today's Volume: 285,000 Average Volume: 244,189 Volume % Change: 157% >>Why I Love the Homebuilders -- But Hate the ETFs From a technical perspective, HCII is soaring higher here with above average volume. This move has pushed HCII into breakout territory and new 52-week high territory, since the stock has taken out some near-term overhead resistance levels at $22 to $22.04. Traders should continue to look for long-biased trades as long as HCII is trending above $22 with strong upside volume flows. I would consider any upside volume day that registers near or above 244,189 shares as bullish. If we HCII can maintain that trend, then look for this stock to head north of $25 in the near future.
Shares of Homeowners Choice (Nasdaq:HCII) have taken a tremendous swing upward. The stock is trading at $13.50 as of 12:49 p.m. ET, 21.1% above Thursday's closing price of $11.15. Volume is at 106,349, 7.8 times the daily average of 13,700.