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Thursday, March 29, 2012

Significant Volume Encountered In (TSE: HOC.TO)

Heritage Oil Corporation (TSE: HOC): fell by 2.22% or $-0.05/share to $2.20. In the past year, the shares have traded as low as $2.13 and as high as $4.75. On average, 1951 shares of HOC.TO exchange hands on a given day and today's volume is recorded at 7720. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $2.62 area but be careful because the stock may face selling pressure at this level.