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Thursday, February 24, 2011

FARO

FARO was possibly the best of the earnings breakouts today, but under the conditions we have been seeing for the last six months, not very impressive. It closed well off it's high. it had also been having a problem with the 50dma, and came awfully close to breaking a critical pivot point yesterday. Today's earnings were apparently a big surprise, enabling a big gap up, but there is a little doubt as to how far this can continue.

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