Chart clearly shows this as a historic level of for the penny stock. The last few times HL tested the level, it failed to break above it. Right now, it's trading right at this level; not quite breaking above but not breaking down either (yet). I think we're going to need to see gold pick up some steam for it to get over the hump from a technical perspective IMO .
"Shares took a 2-week break from Hecla’s second-half run in 2019. However, on January 14, Hecla stock began to return to its . The stock jumped from $2.98 to highs of $3.18 just after 11:30 AM EST. This week, analysts from RBC raised the price target for the stock from $1.90 to $2.75. However, RBC maintained its “Underperform” rating. This came just a few days after analysts at CIBC upgraded Hecla from “Underperform” to “Neutral.” The firm also boosted its price target from $1.75 to $3.75."
QUOTE Source: Top Penny Stocks To Watch Right Now; 1 Up Over 100% Since November