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Charts courtesy of stockcharts.com

Monday, November 8, 2010

API



API started a move as the market began rallying in September, and got a dramatic increase in volume, then went into about a month long base, which it broke out of today on the heaviest volume in 6 months. Despite the low reading in CMF and rising ATR, it looks like it has been undergoing accumulation. One sign of an aging rally is big moves by crap stocks, and this could be one of them.

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