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Wednesday, April 22, 2009

Possible Breakouts

The purple line was the actual breakpout point of the pattern that PNRA was in, but after breaking out it struggles, establishing a new resistance level at the yellow line, which is punched through today on decent volume.

CPKI is an earnings pop, although not a true breakout, it has been in a slight uptrend and appeared to be having trouble with the orange line, until today. I'm watching this for pullbacks into the close.

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