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Thursday, July 15, 2010

AKRX

AKRX is the type of stock that usually gets bid up when the market goes into a correction as speculators move out of mainstream stocks and into the back alleys of the market, but this one seems to be earnings driven, which means it may be sustainable. I suspect that on a weekly chart this looks a lot like an O'Neil "high tight flag", which is usually good for an 80-100% upside move on the breakout, which appears to be starting now.

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