HUN

HUN was one of the better looking breakouts on the day, although i could not find a catalyst. This is a very long first stage base in an uptrend starting in early 2009, after a humongous crash in 2008. It is still well off it's all time high (near 25). The price relative line looks strong here, but on a longer term chart might not look so strong, as this went into a swoon in late March, and didn't bottom out until July. A couple of things about this chart caught my eye: the symmetrical positions of the 3 pivot points, with the middle point almost exactly 50% between the upper and lower; and the move in mid September on high volume possibly on earnings). Although it didn't hit a new high, it broke through a minor resistance level and, in hindsight, was the start of a pretty strong up trend. This does not have particularly impressive long term CAN SLIM credentials, but recent quarters have been decent. It has too large a float for my taste (190 million shares), but it does look like it has some potential here.