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Tuesday, April 20, 2010

HOG

HOG is yet another example of a break out before earnings. Why this is happening so much now is unknown, but I suspect speculative fever is taking over the market. The actual breakout point is the high of the handle, the blue line, which was just below the previous high. in this case the breakout came a couple of weeks before earnings, making it a bit less risky, but I still don't like to buy ahead of earnings. Unfortunately, now it is way too extended.

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