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Tuesday, November 9, 2010

LOGI

This looks like a pretty good earnings breakout, but the 200dma is telling us this has gone nowhere in a year, and in fact the former high is now just over a year old.  Today's move came on earnings, and could be the start of a new up trend, but it is way to early to tell. Price relative on a 6 month chart looks pretty damn good, on a one year chart not so good.

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