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News Breaks
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November 5, 2009
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| 13:15 EDT |  | HANS |
| theflyonthewall.com: | Hansen Natural: Earnings release technical preview, extreme gap risk | | BULLISH CASE: On better than expected news/outlook the stock could trade to the upper limit of the very short-term bullish price channel at $37.57. On a bullish breakout above the price channel the following resistance levels would become upside objectives: $38.25, $38.96, $39.64, $40.40, $41.05, $41.80, $42.50, $43.43, $44.32. BEARISH CASE: On worse than expected news/outlook the stock could trade to the lower limit of the price channel at $35.87. On a bearish breakdown below the price channel the following support levels would become downside objectives: $35.13, $34.40, $33.86, $33.31, $32.77, $32.10, $31.60, $31.04, $30.56, $29.97. NOTE: Large short-base at 7 days to cover, with 9.3% of the float short. Traders are positioned for negative news. Reactions on a surprise, especially a positive one given the large short-base, have a high probability of being extreme in duration and price. Extreme gap risk. :theflyonthewall.com |
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