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Charts courtesy of stockcharts.com

Tuesday, October 14, 2008

EBS

I looked at dozens of charts during the last hour of trading, and this was the only one that looked good to me. Most of the big gainers I saw were coming off new 52 week lows, and gapped up at the open only to sell off the rest of the day. EBS hit a new high, is at a new high close, and closed near the top of the day's range. This is what we are looking for during down days, stocks that do not participate in the selloff.

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