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Tuesday, July 20, 2010

EPB

Yet another of the oil and gas pipelines industry to hit a new high. This group has been one of the strongest since I have been keeping the relative strength by industry data, and lately it has showed, as a large percentage of recent new highs are from this group. This chart isn't pretty, butthe price relative is high and ATR dropped dramatically as it pulled back to the 50dma.

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