Tuesday, September 26, 2006

Hansen Natural Corp. (Public, NASDAQ:HANS)

Chart Analysis Request - Is HANS a swing short candidate?

After rallying from recent lows, HANS is consolidating its gains and trying to reclaim its 50MA. If it succeeds, it could attempt a gap fill in the $40.00 area. I wouldn't short unless it it broke the trading range to the downside (below $32.50) on high volume. Support at $32.50, $30.00 and $27.50.

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