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Tuesday, August 2, 2011

HLF

HLF has just about everything going for it, with two very nice breakouts in the last 6 moths, a strong price relative line, and support at the 50dma, but formed the dreaded black candle after a gap up on earnings. Thta can be excused slightly due to a weak market, but I also don't like the negative CMF over the last 2 months, not a fatal flaw, but it looks to me like the big money boys are avoiding this one.

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