Harvest Energy Trust (NYSE:HTE)
Was wondering if I can receive a copy of your report on HTE.
A: HTE is a royalty trust that is levered to the short term price of oil. We currently have HTE in a Downtrend having made the call on 6/23. Our volume and relative price indicators are started to move up from oversold but no Uptrend is going to be called since relative strength remains weak. Keep an eye on MACD as that will need to turn positive before it goes on our radar for possible Uptrend. Our IBDV will also need to start climbing and it is currently only 28 and flat. That will need to push higher toward 50 before an Uptrend can be called.