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Equipment House gains higher ground

Equipment House gains higher ground

Shares of Medical Equipment House Company broke above the 200-day moving average and the upper Bollinger Band, supported by trading volume exceeding three times its average and a bullish MACD crossover above the zero line. The stock is trading at SAR 28.74, with technical targets of SAR 29.50, SAR 30.20 and SAR 31.65 if it maintains momentum and holds above SAR 29.50. SAR 27.45 is considered a stop-loss level; a drop below it could cause the breakout to fail and the stock to return to volatile trading or a downward trend.

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