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Monday, June 22, 2009

HWKN


There were plenty of new highs today, but most of the charts looked awful. The best I saw, besides TIS, which I posted this morning, was HWKN, notable because it was featured in IBD today. It has been thinly traded in a narrow range for years, then took a brief dip in March, then started an uptrend. the price relative line is quite strong, and CMF is showing lots of accumulation. Average daily volume is increasing. Today's breakout was a bit weak, but it still closed above the breakout point.

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