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Thursday, July 14, 2011


JAZZ is not a stock I woud nomally be watching, but with the low number of new highs this chart leaped out at me because it is a near perfect pattern. The cup is pretty well formed and hass a high rate of accumulation as it went up the right side. The handle is short but pretty well formed. The price relative line did not hit a new high before price, but ius still pretty strong. ATR hit a low as it started building the right side and stayed low until just before the breakout. All in all a very good chart.

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