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Wednesday, December 17, 2008

COGT

COGT is one of the few successful breakouts we've been tracking. It has for the most part stayed above the old breakout point, and late last week bounce right of it when it coincided with the 20dema. Volume, which had been declining, got a bit of a boost today. Relative strength is also at a new high. This is only 37% above the 200dma, so I would not call it extended here.

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