HutchMed (China) Limited ADR $HCM Breaks Above 200 day Moving Average

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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.

HutchMed stock chart on December 8 2022 in an uptrend channel pattern breaking above the 200 day moving average
HutchMed stock chart on December 8 2022 in an uptrend channel pattern breaking above the 200 day moving average

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.

HutchMed stock chart on December 8 2022 with a dark pool trade shown with an orange bar
HutchMed stock chart on December 8 2022 with a dark pool trade shown with an orange bar

Make sure to review this lesson on dark pool trading so that you understand the chart above.

China’s reopening will be a slow unwinding over the next several months

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