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Tuesday, June 8, 2010

PBTH

PBTH formed a very short cup and handle pattern, but look at the price relative line, which has been rising since price hit a previous high about a month ago. This doesn't draw much volume, but was today's relative volume champ, and is increasing in average volume. These kinds of stocks frequently get more volume during market corrections, probably due to traders looking for something moving up, and the market leadership is not. If the market goes into another uptrend, this could collapse.

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