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Wednesday, March 10, 2010

ZION


Clearstation alerted me to a breakout in ZION, which is either now on or has been on the relative strength list. It has formed a cup and handle pattern, but the cup is quite deep. The breakout point is the high of the handle, which is right around 20.00. Volume isn't great, but not bad. I would put the numbers up for this, but being a bank, I wouldn't trust them as far as I could throw them.

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