Hercules (HPC) NewsBite - Trading With Unusual Volume

Posted: Wednesday, November 12, 2008 3:14 PM EDT

Hercules (HPC) appears to be trading at a higher than usual volume today and is now at $19.47, up $0.21 (1.09%) on volume of 6,696,779 shares traded. For the last 30 days HPC has traded 3,358,607 shares on average each day. So far today's volume is 99.39% above that average volume. Over the last 52 weeks the stock has ranged from a low of $12.59 to a high of $22.00. Hercules stock has been showing support around $18.45 and resistance in the $20.03 range. Technical indicators for the stock are bullish and S&P gives HPC a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on HPC the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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