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Friday, July 29, 2011

ZOLL

Another of the earnings breakouts to get very high relative volume, ZOLL gapped up in late April, and that gap established the new trading range, which this pretty much stayed in since. Normally when a stock trades sideways for a long time after a gap, it is a sign that no one is in a hurry to take profits. This shows no signs o accumulation during the base, although CMF did have a pretty good rise right before the breakout. We will have to waut and see if history repeats here.

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