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Tuesday, September 1, 2009

CRMT

Buried down on page 2 of the new highs list was CRMT, the only earnings breakout that I am aware of. This formed a short cup and handle pattern (which is probably too short to be a proper cup and handle), the IBD buy point being the high of the handle at the blue line. Today's gap made the distinction between buy points moot. I don't know how much these guys benefitted from "cash for clunkers", but if they did then i wouldn't hold out hope for another big quarter.

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