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Major catalog retailer Hanover Direct (AMEX:HNV) broke out above its 30 week moving average Thursday on 30 times normal volume. Hanover Direct recently partnered with Excite in a big E-commerce move. HNV pulled back Monday after Thursday's move, but is climbing again today on big volume. HNV could be the next big internet player as a result of the deal with Excite. HNV is a well established catalog presence with over $600 million in annual sales. HNV is trading near $3/share. Gary G | ||||||||||||
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