Technical Summary: The long term chart of HSO shows the stock trading at around the same level as its IPO. This has obviously provided a disappointing return for shareholders in a bull market. The one year chart above is a bit more interesting. The stock has largely trended higher and has put in a few higher lows. The highlight on the one year chart was the takeover gap in the middle, where the stock gapped higher on news that the stock was a takeover target. Following the takeover annoucement the stock continued to rally initially as speculation was rife. After the attempt was shot down by the board the stock pulled back and has largely filled the initial takeover gap. It will be interesting to see if this gap holds and it might provide an interesting buying opportunity for savvy traders.
