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Tuesday, February 2, 2010

RTEC


Today's relative volume champ, and a big gap up, is about all this chart has going for it. Despite the big gain it still closed below the breakout point, and CMF has been pretty awful of late. Price relative is extremely weak, and there was an awful lot of selling pressure today. This had only 3% of the float short, so there wasn't a squeeze potential, and I would bet a lot of today's sellers were shorts piling into a weak stock that got a big bump on earnings.

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