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September 28, 2005
Hain Gaps Higher
Hain Celestial (HAIN) formed a rather strange looking flag in July and August. Even though the flag expands like a megaphone, I think this is a valid correction. Regardless of the technical beauty, the stock firmed and surged above the upper trendline with big volume. The gap is also bullish and this Consumer Staples stocks looks like it is headed higher.
Posted by Arthur B. Hill at September 28, 2005 10:30 AM