Heckmann (NYSE:HEK) is one of today's worst performing low-priced stocks, down 3% to $4.53 on 0.7x average daily volume. Approximately 480,000 shares have traded hands today vs. 30-day average volume of 700,000 shares.
High volume often signals a change in trends. Shares of Heckmann are currently trading below their 50-day moving average (MA) of $4.90 and below their 200-day MA of $5.19.
SmarTrend scans for speculative low-price stocks under $5 for reversals in trends. A large price movement may signal continuation or reversal of a trend.
Heckmann is in SmarTrend's Beverages- Soft Drinks industry and this industry is currently in an Uptrend. An industry trend that matches the stock's trend helps to add conviction to the stock's Downtrend and price prediction.
SmarTrend is bearish on shares of Heckmann and our subscribers were alerted to sell on March 30, 2010 at $5.57. The stock has fallen 18.7% since the alert was issued.