HOT Topic: 52-Week High Recently Eclipsed (HOTT)
HOT Topic (NASDAQ:HOTT) traded at a new 52-week high today of $11.58. This new high was reached on approximately average trading volume as 711,000 shares traded hands, while the average 30-day volume is approximately 714,000 shares.
Hot Topic, Inc. operates stores selling music-licensed and music influenced apparel, accessories, and gift items for young men and women principally between the ages of 12 and 22. The Company operates under the brand names HOT TOPIC and TORRID.
In the past 52 weeks, HOT Topic share prices have been bracketed by a low of $5.05 and a high of $11.58 and are now at $11.58, 129% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 0.47% higher over the past week, respectively.
HOT Topic has overhead space with shares priced $11.58, or 12.5% below the average consensus analyst price target of $13.23. The stock should find initial support at its 50-day moving average (MA) of $10.52 and further support at its 200-day MA of $9.71.
SmarTrend recommended that subscribers consider buying shares of HOT Topic on November 21st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.61. Since that recommendation, shares of HOT Topic have risen 16.9%. We continue to monitor HOTT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows hot topic