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Charts courtesy of stockcharts.com

Tuesday, March 22, 2011

FXCB

One of the best things about market corrections is that the best charts really start becoming obvious. FXCB is normally a thinly traded issue, with even high volume days seeing less than a million shares traded. It did, despite the low volume, form a really nice chart pattern, and the rising price relative line during the recent sideways price move was a clear signal a breakout was coming. other than painfully low vilume, they don't come much better than this.

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