Break Out Watch: Hooper Holmes

Shares of Hooper Holmes HH have sprinted higher into the close today; shares ended the session higher by 4.63%, trading at $0.984. The name has been consolidating between $0.87 and $0.98 for the past four weeks, but shares look ready to break that range. Hooper Holmes would have to cleat the 52-week high, at $1.17, to technically break out, though shares have already begun to garner heavy volume in anticipation of the break. Shares could easily hit $1.50-1.65 on a clean break higher. Hooper Holmes, Inc. is engaged in providing outsourced health risk assessment services to the life insurance and health industries. The company operates in one business segment and provides paramedical and medical examinations, personal health interviews and record collection, and laboratory testing, which help life insurance companies evaluate the risks associated with underwriting policies.