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Thursday, May 7, 2009

Breakout Candidates

NVEC had a 52 week high dating backe to last June. It teased it during the last few days, then broke out on big volume this morning, and is pulling in toward prior resistance, giving a very nice buy point right about where it is.

OCN has been in a steady uptrend for the past year, virtually ignoring the bear market. It hit a high of 12.03 a couple of weeks ago, then went into a handle-like consolidation. Earnings gave it a big boost this morning, and although it has already made a big move, it is not very far above the buy point.

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