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Wednesday, April 8, 2009

FDO

when you have a low number of stocks reporting earnings, you can spend more time analysing them, which in the case of FDO, is probably not that good an idea. This is not normally the type of stock I would be interested in (high float, low growth), and today's action was less than impressive. It got low volume for an earnings breakout, it did not gap above resistance, although it did close above it, and the price relative line continues to weaken.

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