I highlighted this stock last week, but it failed to breakout. Taking another look at it today, the stock is right back at resistance and looks better than before.
Headquartered in Baton Rouge, the company rents earth moving equipment all along the gulf coast. After Katrina, the company put up huge numbers quarter after quarter with shares hitting an all time @ $42/share.
Given the extent of damage located in southern Louisana, I’d say the company is well on it’s way to another record quarter.
The stock has been killed all year until recently where it is now trading above the 200 & 50 MA. A break above 15.25 with decent volume should give the stock what it needs to get back to $20.
Keep it on your radar.
Full disclosure: I own shares in HEES & my brother works for the company.
If you enjoy the content at iBankCoin, please follow us on Twitter
I just started posting again on my blog. Careful with HEES. Personally, in this market, I would not be buying any ‘breakouts’ or ‘breakdowns’. Stocks can’t seem to get much momentum to one side. But thats just me.
Very true.
Hi RC! I saw the video for I’ll be missing you clip and decide to post this as well. i hope you like this song as well from Mariah Carey ? Enjoy.
http://www.youtube.com/watch?v=rJ5aNRpxRCo
I love this chart, thanks Ragin.