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Friday, October 30, 2009

HAR

HAR was an earnings breakout on a less than espected loss for the quarter. This has been in a relentless uptrend since March and just completed a perfect bounce off the 50dma, which unfortunately came two days before it was to report. The price relave line here is extremely strong, indicating this has been outperforming the market for months. It did, however, pick a bad day for a breakout try, and succumbed to selling pressure.

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