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Tuesday, September 21, 2010

QUIK

QUIK has a bit of a strange pattern here, a cup and handle with a very low handle. The breakout poijt should have been at the high point of the handle, but here the real breakout came last week, when it bounced off the 50dma on high volume. Unfortunately, by the time it hit a new high, it was already extended. I don't have a catalyst for this, but I would be willing to bet it's a buyout rumor.

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