Hoku Scientific (HOKU) Surging With Heavy Volume Above 200DMA

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01:04:18 pm on June 5, 2009

Hoku Scientific (HOKU) is really surging today with heavy volume above the 200 day moving average for the first time in well over a year.  I don’t see any news today, but the company did announce an economic development package (ie tax breaks) with the City of Pocatello of Idaho which we covered a few days ago.  Perhaps an announcement is coming.  Will update this post if  I find anything.  Some heavy selling pressure coming into it now. 

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