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Tuesday, January 17, 2012

MNST

Formerly know as HANS, not only did they change the symbol (MNST) but also the name of the company. Normally that big a change is a red flag, and to put another nail in the coffin, they just announced another stock split. This stock has been a favorite of mine since I began trading back in 2005, but it may be getting close to a long term top (I thought that 3 years ago, too).  Today's breakout came on a nice gap up but not much else, and the price relative line is quite weak.  It's hard to believe this has not significantly outperformed the market for the last 5 months.

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