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Money Flows Support HNP

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watch_4 October 21, 2011 (Chinavestor) While stock price performance of Huaneng Power (NYSE:HNP) may be disappointing for many for the second part of the year, things are looking much better ahead. Chinavestor compiled sector money flows suggest Chinese utilities are poised to a nice comeback. Harbin Eclectic Inc. (NASDAQ:HRBN) is another stock of interest from the sector.

utility_MF_2011oct

Investors like to see charts like the one above, where money flows and index performance diverge. This suggests the sector is accumulation money inflows and that will show in stock price appreciation.

Harbin Electric (NASDAQ:HRBN) has bounced back off July lows and has been on fire ever since. But Huaneng Power Int. (NYSE:HNP), China's largest independent power producer, is in the red for the year. If the money flow analysis is right, Huaneng Power (NYSE:HNP) is bottoming out and is up to a surprise rally.



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