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Wednesday, May 5, 2010

TORM

TORM became eligible for the relative strength list recently when it hit a 52 week high above 5, and thanks to a recent increase in average volume, it made the list, otherwise I probably would not have noted it until late in the day. It is extremely thinly traded, but appear to be getting some attention, as it broke out today on earnings. however, with the market in correction, it is not ususual to see a lot of low priced stocks getting a bid, and traders might drop this like a hot potato if the market turns around.

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