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Friday, May 28, 2010

HGG

HGG tried to break out of a pattern which looks like a double bottom on a daily chart, but is probably too short to be a proper dowble bottom. It did poke out to a new high, but ended up closing below the breakout point. Volume was a bit of a disappointment for a breakout attempt, but price relative is very strong, so if we do get a follow through day next week, this one may be one of the first to break out.

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