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Monday, November 22, 2010

CYBX

When the number of stocks on the earnings list drops to a manageable level, which it did this week, it really gives you an opportunity to catch some growth stocks at a good time. CYBX was in the process of a pullback to the 50dma after a prior breakout when they reported today. It got high volume and made a really nice move, breaking out later in the day. The chart by itself is not that impressive, with declining CMF and a mediocre price relative line, but this may get a pretty decent move out of this.

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