HC2 Holdings (HCHC) : Traders are bullish on HC2 Holdings (HCHC) as it has outperformed the S&P 500 by a wide margin of 19.64% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.48%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.65% in the last 1 week, and is up 19% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 15.08% and the 50-Day Moving Average is 17.38%.The 200 Day SMA reached 29%
HC2 Holdings (NYSEMKT:HCHC): After opening at $4.95, the stock dipped to an intraday low of $4.86 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.49 and the buying power remained strong till the end. The stock closed at $5.45 for the day, a gain of 10.10% for the day session. The total traded volume was 1,601,357. The stocks close on the previous trading day was $4.95.
HC2 Holdings, Inc. is a diversified holding company. The Company has a diverse array of operating subsidiaries across six reportable segments, including Manufacturing, Marine Services, Utilities, Telecommunications, Life Sciences and Other. Its largest operating subsidiaries are Schuff International, Inc., a structural steel fabricator and erector in the United States, and Global Marine Systems Limited, a provider of engineering and underwater services on submarine cables.