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Stock to Watch: Heckmann Down 8.7% (HEK)Feb 11, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Heckmann (NYSE:HEK) is one of today's worst performing low-priced stocks, down 8.7% to $3.97 on 1.4x average daily volume. Heckmann has traded 2.9 million shares thus far today, vs. average volume of 2.0 million shares per day. The stock has underperformed the Dow (-8.7% to the Dow's -0.2%) and underperformed the S&P 500 (-8.7% to the S&P's -0.0%) during today's trading. Heckmann share prices have moved between a 52-week high of $5.49 and a 52-week low of $2.60 and are now trading 53% above that low price at $3.97 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%. Heckmann Corporation, together with its subsidiaries, operates as a services-based company focused on total water solutions for shale or ?unconventional? oil and gas exploration. Heckmann (NYSE:HEK) has potential upside of 25.9% based on a current price of $3.97 and analysts' consensus price target of $5.00. Heckmann shares should encounter resistance at the 50-day moving average (MA) of $4.01 and support at its 200-day MA of $3.65. SmarTrend recommended that subscribers consider buying shares of Heckmann on December 10th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $4.13. Since that recommendation, shares of Heckmann have risen 5.3%. We continue to monitor HEK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |