The HutchMed (China) Limited ADR $HCM broke above its 200 day moving average on December 8, 2022. The stock is trading in an uptrend channel and is testing a critical resistance zone from $14.37 to $15.52. The stock is in a technical weak uptrend.
Dark Pool Trading In HutchMed $HCM Stock
A dark pool trade occurred in HutchMed $HCM stock on November 30, 2022. The dark pool trade was valued at $4.2 million. We think the dark pool trade was buying because $HCM stock rose following the trade hitting the tape.
Make sure to review this lesson on dark pool trading so that you understand the chart above.