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The Deipnosophist

Where the science of investing becomes an art of living

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Location: Summerlin, Nevada, United States

A private investor for 20+ years, I manage private portfolios and write about investing. You can read my market musings on three different sites: 1) The Deipnosophist, dedicated to teaching the market's processes and mechanics; 2) Investment Poetry, a subscription site dedicated to real time investment recommendations; and 3) Seeking Alpha, a combination of the other two sites with a mix of reprints from this site and all-original content. See you here, there, or the other site!

18 March 2005

More durable than non-durable...

Herman Miller/MLHR, the maker of office furniture (including the Aeron chair), breaks out above a massive base, with explosive volume.



The size and quality of this breakout, however, is more evident when viewing the weekly chart.

MLHR shares easily took out resistance at ~$30 (a price it has not traded above for 4 1/2 years) and the line of declining tops from the all-time high set seven years ago. No wonder total volume during yesterday's breakout was so explosive, and provides at least one answer to Yash's question asked earlier.

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