Hansen Technologies Limited develops, supports and integrates billing systems software for the telecommunications and utilities sectors in Australia.
The Company also provides IT outsourcing services such as facilities management and develops software and services for workforce management.
HSN shares shot up in May on the back of an acquisition and again in late July, early August as the company announced a major contract and upgraded guidance.
Since these gains the stock has consolidated, repeatedly hitting resistance at or just under $1.60.
If these highs can be broken we would expect to see the previous bullish trend continue and as a result HSN may be bought on a breakout from this region.