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Wednesday, April 13, 2011

LFUS


LFUS was about the only non acquisition related breakout that I saw today, and this is a failed breakout. One thing I notied when looking at the pivot points is that the previous high was right on a projected pivot point, and it threw up some fierce resistance today. Until this can get through that top pivot, this one doesn't look like it is going anywhere, which is a shame, because it has a pretty strong price relative line.

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