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Monday, May 07, 2007 

Alert Breakout !!!! Hansen Natural

Chart courtesy of stockchart

Shares of Hansen Natural were up 2.80% or 1.10 to 40.42$ after reported higher quarterly sales, citing continued strength of its Monster Energy drinks, and increases in volumes of teas, lemonades and juice cocktails, however sales fell short of analysts' average to $165.4 million. In the morning shares were down nearly 8%, however during the session shares rebounded closing in the green line. The technical chart show that stock breakout today an important resistance at 40$ with an anormal volume, 6 x daily average, it's seems to me that the way is Up for this baby again. RSI is in Bullish territory and Bullish MACD gained momentum again K line crossover D. Overall stock is in a Bullish Market with share price trading above 20,50 and 200 daily moving average. Next Resistance at 42.40$ and support at 40$.

Chart courtesy of stockchart

Keep an eye on HOT this week for a possible breakout over 71.30$. Looks like an ascending triangle formation.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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