$HEAR may have broken the sound barrier today when it clocked a nice +43% gain today — with another 5% tacked on afterhours.
Without a doubt this is what I mean when I say I trade some extreme price action. So I’m keeping this stock on the radar for some SERIOUS followthrough.
These high flyers can also crash and burn if volume dries up — so be careful. For me, trades like this rarely last more than a day or two and sometimes as short as a couple minutes. It’s all about momentum.
Here’s the chart —
Although price did not cross prior resistance I am loving all that volume. Wow. And this patten reminds me of another winning trade from a couple years back — $FFN. You can read about that here.
Here’s a little about $HEAR (TheTurtleBeachCorp)
Turtle Beach Corporation, an audio technology company, develops, commercializes, and markets audio technologies under the Turtle Beach and HyperSound brands in the United States, the United Kingdom, Europe, and internationally. It offers headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets, and mobile devices. The company provides audio products for commercial and consumers markets, as well as for listeners with hearing loss. The company was formerly known as Parametric Sound Corporation and changed its name to Turtle Beach Corporation in May 2014. Turtle Beach Corporation was founded in 1975 and is headquartered in San Diego, California.