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Charts courtesy of stockcharts.com

Wednesday, September 1, 2010

SAFT

The six month chart doesn't really do this justice, it has been in a monster uptrend for a year now, pausing 6 months ago to form a base. It broke out today after starting a high volume move yesterday, but this has a history of pulling in when it gets too far above the 200dma, which it is just about now, and closing off the high of the day does give a little concern, but the price relative line is telling us this has some strength behind it.

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