From its lows, MHI took off in an uptrend that was too steep to be sustainable. This was evidenced by the lack of attendant volume and a Bearish Divergence that identified underlying weakness. Shortly after this, price action broke below the confirmed trendline, giving a "Sell" signal (marked by small red arrow). Note that MHI was still in an uptrend and that the RVI(100) (a conservative indicator) had not triggered any sell signal.
Note, too, that the OBV is now rising, albeit at a fairly modest rate. MHI is now in a less steep, much more sustainable uptrend, with a new confirmed trendline in place (light green).
More active traders that exited MHI when the old (dark green) trendline was broken would most likely have re-entered on a short-term oscillator Buy signal such as the one shown in the RSI plot craftily inserted in the lower right hand corner of the chart.
You can clearly see the Resistance at 70 cents as mentioned by W69.
http://h1.ripway.com/78963/MHI812.gif