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Thursday, July 22, 2010

UTEK

UTEK could be the start of a new uptrend, as it broke out on earnings today after a long trading range. The 200dma is inching up, and the divergence between it and the 50dma is getting wider. This is int he semiconductors equipment and materials group, has 22 million shares in the float, increasing volume, and decent 5 year earnings numbers, although recent numbers (except today's) have not been impressive.

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