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bbgold

04/13/06 9:44 AM

#25171 RE: Growth And Value #25170

HSR testing a prior high

A nice reaction to it's earnings and could have been anticipated from it's last report reaction. Now you want to keep a good look at how prior spike highs have reacted with the stock, with most of them pulling back to consolidate until the next report. The Safest move here would be to lock in some profits ahead of that pullback. Most low $ plays look for $5 as a next up support level and that would also be a retrace to test the gap support. Setting a stop at $6 might be in order here and then look for support at $6 and $5 to hold to stay bullish. A breakout over 6.50 that holds support would also be bullish but Safest to lock in most here imo.

Good Luck and Good Trading!