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April 9, 2005
This Week's Stocks


Two stock charts and a graphic appear below. The first chart shows how the stock looked on our daily charts when it gave an ABC Float Set-Up Buy Signal. The second  chart shows the resulting price move. The purpose of these charts is to demonstrate the power of Float Charts and the principles of Float Analysis. 

Feel free to share these charts with others.

Hansen Natural (HANS)
Support at the 50% Float Channel Line

In early February 2005, HANS was in an established up trend. It then went through a sharp correction right down to its 50% Float Channel Line. On February 11th, it showed up on our ABC Float Set-Up Scans because its candlestick chart began to show signs of turning higher. In the next 36 days it would move 54%!

See both charts and the graphic below.

 


 


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Our stock picks are based on the ideas found in Steve's book Float Analysis, Powerful Technical Indicators Using Price and Volume (Wiley, 2002). The book's former title was The Precision Profit Float Indicator (Marketplace Books, 2000).

 


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