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Clean Harbors Could Eventually Break Out to the Upside

Bruce Kamich

In this daily bar chart of CLH, below, we can see a low in early May and a rally into a September high. The daily On-Balance-Volume (OBV) line shows a rise the past 12 months to October and then a slight decline into November. The Moving Average Convergence Divergence (MACD) oscillator has turned up to a cover shorts buy signal in early November and is now searching for its next direction.