2012-11-29 12:55:33 -

Recognia, the industry leader providing actionable investment research products
for self-directed investors and trader, has detected an "Upside Breakout" chart
pattern formed on Hertz Global Holdings Inc (HTZ). This bullish signal indicates
that the stock price may rise from the close of $15.57 to the range of $17.00 -
$17.40. The pattern formed over 67 days which is roughly the period of time in
which the target price range may be achieved, according to standard principles
of technical analysis.

The report, issued on Thursday says that the price broke upward out of a trading
range suggesting we're entering a new uptrend. The Upside Breakout pattern
represents a trading range in which prices move sideways between two parallel
horizontal lines. It's often a pause or congestion area within an existing trend
though   sometimes the breakout results in a reversal to the prior trend. Either
way, an upside breakout through the upper resistance line signals an end to the
consolidation period and the start of an uptrend.

This bullish pattern can be seen on the following chart and was detected by
Recognia proprietary pattern recognition technology

.

See The Chart:  bit.ly/RecogniaHTZ


View The Source Report:  bit.ly/RecogniaHTZ


Content & Media Contact: newseditor@equitybrief.net




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Source: Equity Brief via Thomson Reuters ONE
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