HealthSonix Develops New Treatment Protocols for Dupuytren's Contracture; Patients Show Positive Results
Market Wire Tue 9:39am
Stock Profiler.US Announces 100% Buy Rating on HealthSonix, Inc.
Wednesday May 16, 3:07 pm ET
The Company's chart is showing a trading pattern that is known as a "Teacup" formation. This "Teacup" pattern resembles a cup with a handle. The cup is in the shape of a "U", and the right-hand side of the pattern usually showing lower trading volume, with the handle having a slight downward drift.
As the stock comes up to test the old highs, the stock usually incurs selling pressure by investors who bought at or near the old high. This selling pressure will make the stock price trade sideways, with a tendency towards a downward trend, usually followed with an upward pattern of the PPS (price per share), reaching higher levels. If you look at the chart for HSXI, you will see that this is the tail end of the handle. Thus, indicating that the stock is poised to move higher.
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