The Quant Pick of the Day is the refrigeration services company Hudson Technologies (HDSN). To be reviewed the company must have a Quant Rating in the top 50 (or 1% of the 4,300 companies SA rates), be above its 20, 50, 100 and 200 day moving averages , trading within 5% of its 52-week high and pass a review of its chart to prove consistent price appreciation. The stock has a Quant rating of 4.97 out of a possible 5.00 and is within .35% of its 52 week high.
Hudson Technologies, Inc. a refrigerant services company, provides solutions to recurring problems within the refrigeration industry primarily in the United States. The company’s products and services include refrigerant and industrial gas sales; refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination to remove moisture, oils, and other contaminants. It also offers SmartEnergy OPS service, a web-based real time continuous monitoring service for facility’s refrigeration systems and other energy systems applications; and Chiller Chemistry and Chill Smart services. In addition, the company participates in the generation of carbon offset projects. It serves commercial, industrial, and governmental customers, as well as refrigerant wholesalers, distributors, contractors, and refrigeration equipment manufacturers. Hudson Technologies, Inc. was incorporated in 1991 and is headquartered in Woodcliff Lake, New Jersey. (Source: Seeking Alpha)
Barchart’s Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Analysts and Investor Sentiment — I don’t buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it’s hard to make money swimming against the tide:
Conclusion: The stock has a 100% buy rating of the 13 momentum indicators from Barchart plus an SA Quant rating of 4.97 an SA Authors’ rating of 5.00 and a Wall Street rating of 4.50 out of a possible 5.00. Although the stock has risen it still has current momentum. Please use appropriate stop losses that are compatible with your risk tolerance.
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