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Monday, October 31, 2011

HLF

HLF hit a new high by 5 cents, and got higher volume than yesterday, so technically you can call this a breakout failure. that is, unless you go by the O;Neil system: this appears to qualify as a double bottom base, making the breakout point the high of the middle of the "W". That being the case, the breakout came yesterday, and looking at the gain it made, that makes sense. Here is another one that outperformed the market in August and September, underperformed in October, and is now outperforming again.

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