TwinTrader.com announces the publication of Breakout for HRZB; highlighting public companies on the move and what’s behind the surge.
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“Horizon Financial Corp. operates as the holding company for Horizon Bank that provides commercial banking services in Washington. The company primarily engages in generating deposits and originating loans…
“The talk on Wall Street is now that Morgan Stanley and Goldman Sachs have been re-chartered as banks, the two entities will need to acquire smaller banks with strong balance sheets in an effort to repair the balance sheets of these bigger and more vulnerable banks. Horizon Financial was recommended by the analysts at the MotleyFool.com as a bank with strong management and financials…
“The RSI hit resistance immediately after breaking out above $9.50. MACD indicates bullish strength at a reading of 0.191. Support can be found at $8 and $9.50. A break below the $9.50 breakout level may take the stock back down to the $8 level...”
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