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Thursday, October 7, 2010

SURG

SURG announced preliminary earnings, which was the reason for today's breakout. The pattern here is a very long high, tight flag. I don;t know if O'Neil places a limit on how long the flag should be, but this one was long enough to cause the price relative line to weaken a bit. In theory this should have the potential to get to about 5.80 or so, so I'll see if I can remember to keep an eye on it to see how high it actually goes.

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