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Wednesday, July 28, 2010

SIMG


SIMG is yet another earnings breakout, with a very nice base coming off the 50dma. This isn't terribly high off the 200dma (and nearly tested it during the base), so this could be the start of a nnew uptrend. Volume was quite spectacular, and the price relative line gives us a clue that the market was anticipating good earnings. CMF also remained high during the base. ATR was dropping just before the breakout, another good sign. This is a quite impressive charts for a crap stock.

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