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Hortonworks Inc Rising on Above-Average Volume, Consistent With Trend (HDP)

By David Diaz

Shares of Hortonworks Inc are trading up 9.4% to $14.57 today on above average volume. Approximately 634,000 shares have changed hands today vs. average 30-day volume of 474,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Hortonworks Inc on November 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.09. Since that recommendation, shares of Hortonworks Inc have risen 46.5%. We continue to monitor HDP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Hortonworks Inc has traded in a range of $6.42 to $14.84 and is now at $14.41, 124% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has slid 1.5%.

Keywords: unusual volume hortonworks inc

Ticker(s): HDP