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Monday, October 18, 2010

TRIB


One of very few earnings breakouts today, TRIB got what can only be described as disappointing volume, but still made an awfully nice move and made mincemeat of a serious resistance level at 6.70. This is not a bad pattern for a thinly traded stock, although the price relative line could be stronger, but CMF shows a typical basing pattern with accumulation on the right side, and a very low ATR just before the breakout.

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