Hands on

Hansen Natural/HANS, previously recommended, appears set to break out of this well-articulated intermediate term base on today's opening...

... based on this research comment (via Briefing.com):
"Citigroup initiates Hansen Natural/HANS with a buy and $72 tgt. Firm believes the co is the most attractive pure-play in the fast-growing energy drink market. While the stock is up 177% YTD (and up over 10x over the past two years), firm believes that upside remains given their 18% long-term EPS growth estimates and favorable financial metrics."

Not to become too technical, but a key breakout is Monday's high trade ($51.10) and the critical breakout above the high of 2 September 2005 ($51.65); the latter transmutes this pattern (and setup) from possible top to probable bottom. The only breakout then remaining is at the old high of $54 -- and that would not be a true breakout. (A breakout requires a minimum of two data points.) But it works.

In fact, the shares are trading at $53.50 in pre-opening activity! I already am long, as per my earlier recommendation. Are you...?