James Hardie
Tops often become bottoms. Note the oversold conditions indicated by the
RSI and MACD at this time. The trend is up for HAH. The only thing that
looks likely to stop Hardie's continuing rise would be a general market
downturn in the States. Expect initial resistance at $4 to $4.20, half of
the move down, but the trend looks up.
HAH appears a strong stock at this time. On recent down days in the
market, this stock hardly moved. A good sign of strong buying at current
prices.
Current trade in operation by EIS at present, as displayed in the two
advanced classes this year (feb and May 1st). I try to pick up such stocks
on down days if I can.
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