What is Happening to the Share Price of Hansen Technologies Ltd?

What is Happening to the Share Price of Hansen Technologies Ltd?

What does Hansen Technologies Ltd do?

Hansen Technologies Ltd [ASX:HSN] is a global company that develops, implements and supports customer care and billing solutions for service providers within the energy, PAY TV and telecommunications sectors in over 45 countries. The company also offers IT outsourcing services and develop other software applications. They have offices in Australia, USA, New Zealand, China, Argentina, and the United Kingdom.

That’s interesting, but what is the chart telling you?

What is the chart telling you?

I personally find it helpful to bring up a chart. Here’s the weekly chart of HSN:

Hansen Tech

Source: STEX

For well over a year now this stock has never had more than two weeks down, that tells you what you need to know.

The stock was up further today making a high at $2.92 at the time of writing.

You don’t have to get in and out of stocks. See if you can find similar companies that likewise have consistent earnings and are traded well, to trade a longer term weekly trend.

What now for HSN shares?

First half year results released to the market in late February were very good, revenues up 19%. I’ll stick my neck out on this one and say full year results will likewise be positive.

You can read the charts to give you some indication of future announcements. Go here to find out more.

Terence Duffy,
Research Analyst, Cycles, Trends and Forecasts

Join Markets and Money on Google+

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