Harman (HAR) Sounds Great

Harman International (HAR) should be a name you immediately recognize. It is a high end, high quality manufacturer of audio and electronic products. This stock is a holding in my Marketocracy S&P 500 Fund (see disclosure below). HAR makes products for the automotive, consumer and professional markets. Their products are found in theaters, stadiums, homes and automobiles around the world.

J P Morgan has recently projected favorable sales estimates for the industry and had upgraded their recommendation to Overweight. 4 other analyst have also upped their future earnings estimates for HAR. The industry is projecting increasing sales and since their major competition in Bose, Boston Acoustics and Pioneer all of which are private and not traded, HAR is the only major play you can make in this industry.

On a technical analysis basis BarChart's TA indicators are 13 for 13 for a 100% BUY rating. The stock has hit 4 new highs in the last 20 trading sessions and 3 new highs in the last 5 trading sessions. The 65 day price appreciation has been 80%.