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Wednesday, March 24, 2010

BEE

A lot of stocks rocketed for dumb reasons today, but this one rocketed on no reason. Why it got the volume it got is anyone;s guess, but it sure is a nice chart,. It had very strong resistance around 2.75 which it got through earlier this month, and volume has been picking up since. The price relative has been quite strong, CMF shows at least some accumulation, but ATR did not dip before this breakout. That might not mean anything, but I will keep an eye on this to see if it does.

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