Dallas, TX -- (ReleaseWire) -- 06/25/2008 -- TwinTrader.com announces the publication of Breakout for CLHB; highlighting public companies on the move and what’s behind the surge.
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“Clean Harbors Inc. is a North American provider of environmental and hazardous waste management services. With an infrastructure of 51 waste management facilities, including nine landfills, six incineration locations, six wastewater treatment centers and two solvent recovery facilities…
“Institutional investors love this stock. Eighty-four percent of outstanding shares are owned by institutions. Percent held by insiders, too, looks good. Continued upside surprise earnings has made these institutions very happy in a climate of volatility in the large caps…
“A look at the daily chart shows a nice bullish phase. A base of $50 was established in January and February of this year. Since then, the stock has traded in a channel, bouncing off both its upper and lower channel limits. Stocks that breakout can become overbought for a very long time....”
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