Hammond power solutions stock is finally having a meaningful correction. It has blasted through my DCA zone and I continue to slowly add shares here. The 200 EMA is about to be tested which usually acts as a strong support. This rapid decline is due to stock based compensation which was rather intense, heavily cutting into earnings. The team does deserve it after a monster two years, not so long ago the stock was at 10$ per share. This is my main energy expansion play aside BN. I buy these shares and I do not check the price very often.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.