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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Larry S. who wrote (48199)	5/18/2003 8:19:02 AM
From: chowder	of 53068

Larry, HAIN isn't breaking out yet but, the indicators I look at are firming up nicely for you. HAIN has recently worked through its heaviest range of overhead supply. This should take a little selling pressure off of it. Volume is rising nicely which indicates HAIN "could" break out to a new high. In looking at the MACD which measures the trend, I see that the histogram turned positive two trading sessions ago. I consider this to be bullish when combined with an oversold Stochastic rising above the 20 level and also flashing a buy signal. I don't know how far it can run, (it does have that resistance level immediately ahead), but I'm sure Nem's forks can provide a clue. I haven't seen them yet. stockcharts.com[h,a]daclyiay[pb20!i!f][vc60][iut!Uk14!La5,17,9]&pref=G dabum

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