Hiland Partners, LP (NADAQ: HLND) breaches five month long overlapping trend chart
By Mark Moneymaster
October 27, 2009 1:42 PM
October 27, 2009 1:42 PM
Symbols: HLND
HiLand Partners LC (NASDAQ: HLND) trend chart has breached the five month old overlapping trend of 20 days, 50 days and daily candlestick movement on Tuesday on high volumes, after the HLND started trading higher after a gap-up opening. The HLND stock is already up 26% in afternoon trades at $9.81, sharply above its 20 days and 50 days MA around $9.
The major spike in Hiland Partners, LP (HLND) stock takes place subsequent to the company's announcement to defer its plan to merge two of its group companies for which a special meeting was scheduled later today.
HiLand Partners, LP (HLND) has a very snall cap of around $62 million.
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