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Friday, July 23, 2010

RVBD

RVBD was the big earnings breakout today, with a pretty decent chart. Notice that it had a pivot point at 30.63: when it hit that and turned down, the price relative line actually broke out to a new high. ATR was dropping slightly just before today's breakout, which I usually interpret as a shakeout buy the big funds as they accumulate shares,

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