Technical Trading Alert Technical Trading Alert Harbin Electric, Inc. (NASDAQ: HRBN) Wednesday, November 11th, 2009 Tony Golan Chief Technical Analyst Stockprofit.com™   Harbin Electric, Inc. (NASDAQ: HRBN) is in a strong long-term up-trend.  The stock is making higher highs and higher lows above a rising 200-day moving average (the red line in the chart above).  Relative Strength Differential (RSD), our proprietary indicator for selecting super-strong stocks (the green histogram on the above chart), has recently crossed back above the 25% threshold line, indicating HRBN’s up-trend is once again strong enough to be considered as a candidate for a buy. HRBN made its most recent major corrective low when it hit 12.11 in early September, marked as point 1 on the chart.  From there, HRBN rallied to a new high for the current up-trend of 20.26 in mid-October, labeled as point 2 on the chart.  HRBN corrected, made a higher low, then turned back up again.  On Tuesday, point 3 on the chart, HRBN gapped-up and rallied to make a new high for the up-trend, closing slightly above the open and near its high of the day with a neutral dojii star pattern that made a higher low and a higher high on sharply rising volume.  HRBN wants to go higher.   At a new high, this setup is good for a daytrade only.  Daytraders would want to buy HRBN only when it goes .02 above Tuesday’s high, but not if it gaps up or triggers in the first 30 minutes. Therefore, if HRBN doesn't go above 21.27 before 10am EST Wednesday morning, place an order to buy HRBN at 21.27 Stop Day.  Then, as soon as your order is filled, immediately place a stop order to sell HRBN .03 below whatever the low of the day is at the time the order triggers.  Then, if the stock continues to rally throughout the day, keep raising your GTC sell-stop until the stock gets sold automatically or exit your position at the close. New Technical Trading Alerts are posted almost daily.  We feature the hottest momentum stocks around before most people catch on to them.  Stay abreast of the market by bookmarking this page and keep checking back daily. Disclaimer: Copyright© 2009 StockProfit™. All rights reserved. StockProfit™ is an independent electronic publication providing information on select public companies.  StockProfit™ is not a registered investment advisor or broker-dealer. There is a risk of loss in all of trading.  Past performance is no indication nor guarantee of future results.  The information contained herein is believed to be accurate.This update is provided as an information service only, and the statements and opinions in this update should not be construed as an offer or solicitation to buy or sell any security. In no event shall StockProfit™ and/or its publisher, Stock Services, LLC. or any of its employees or affiliates, be liable for any direct, incidental, consequential, indirect or punitive damages whatsoever arising out of the use of the Information, or for any  errors or omissions in the content thereof, including, but not limited to, from any investment loss, damage or expense incurred by any investor resulting from the Information, or from the purchase or sale of any profiled company or any company which we make commentary. We recommend using good-'till-cancelled stop orders to minimize losses in the event of an adverse price movement. We have not been compensated by company(ies) mentioned above in any way. We do not hold any positions whatsoever in the above mentioned company(ies).