TwinTrader.com announces the publication of Breakout for HIT; highlighting public companies on the move and what’s behind the surge.
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“Hitachi Ltd., together with its subsidiaries, provides various systems, products and services for information and telecommunication systems, electronic devices, power and industrial systems, digital media and consumer products, materials and components, logistics and financial services sectors. Its Information & Telecommunication Systems segment provides systems integration, outsourcing services, software, hard disk drives, disk array subsystems, servers, mainframes, personal computers, telecommunications equipment and ATMs…
“Hitachi Ltd. marked a turnaround for the quarter ended June 30 from losses the previous year. Hitachi saw brisk sales in data communication systems and electric power equipment as well as a recovery in its flat-panel TV business…
“Hitachi has broken out of its resistance at the $74 level. Since bottoming at $60 in April, the stock has risen 20%. RSI stands at a neutral reading of 57.37, indicating the stock has not reached an overbought area and remains bullish. MACD is also bullish as the shorter-term average is above the longer-term average and trending upwardly...”
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