I do know about briefing.com, but never used it. They have this alert on Yahoo that I just saw when I looked up the stock.
"11:31AM Hansen Natural - - 50 Day Alert (HANS) 30.46 +1.73 : Price climbs higher intraday to 4-week highs above its 28.50 resistnace today....currently challenging its 50-day simpel ma at 30.37 near its previous October support zone at 30.50 area. Next level of interest is the 200-day ema at 31.10."
Im wondering how many people saw this alert and simply jumped on board as a result. Does anyone use these alerts to place trades? Im figuring when this alert pops up then there is going to be a bunch of people that go in.
If you look, most of the so-called "safety stocks" did very well today. Beverages, drug stores, grocery stores, utilities, etc. I think people are getting nervous about the new highs.
If I interpret Jesse Livermore's method correctly then the rally and increasing volume of 5 December 2006 corresponds to a buy signal given by the Livermore Market Key. It is a little hard to interpret because Jesse Livermore's method is for stocks trading in the $ 30 to $ 60 / share range. Bigcharts.com shows during November 2006 the HANS trading range is approximately between $ 25 and $ 29 / share.
I wonder if all price changes are the result of some speculative decision making method.
I examine price graphs of WFMI, OATS, NUTR and observe some similarities to the HANS price graph pattern. I wonder if someone is buying large amounts of stock in the health food industry group.
I jumped in this a few weeks ago as a minor play. Cramer hates the company but some of the aggressive growth funds like it. Hans has always signaled that they are open to a take over. I think there is a current M&A kind of mentality out there and people are hoping to get in on it here. Or, it could be somone accumulating stock for the purpose of taking it over?
I observe the price of Hansen Natural stock symbol HANS increasing above the upper four month trading range price limit. Some people might interpret this as a upside breakout from a cup and handle formation.