Hansen Natural Corp. (HANS) All Set For Further Correction

Hansen Natural Corp. (NASDAQ: HANS) daily chart slipped below its 20 day MA and 50 day MA in a hurry by early afternoon trading on Friday, after the company failed to meet the analysts’ expectations in Q1 for 2010. Hansen Natural Corp. (HANS) had announced disappointing earnings for Q1 late yesterday evening.

Hansen Natural Corp. (HANS) has already corrected by close to 17.35% by afternoon trading, after it appeared all set to move into bearish zone. Gross sales for the 2010 Q1 decreased 3% to $270.6 million from $278.9 million in the same period last year.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.