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Tuesday, May 31, 2011

ELTK

The good news is ELTK had the highest relative volume on the new highs list. the bad news is average daily volume is so low that it doesn't take much to have the highest relative volume. This formed the dreaded black candle after a huge gap up, but in this case it is understandable: if I was stuck in this, I would have looked at today's gap as a gift from the stock gods.

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