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Wednesday, July 27, 2011

KEYN

KEYN was notable for having the highest relative volume on the new highs list, but it didn;t take much to do that, as this normally trades on very light volume. It does, however, have a very nice pattern for a thinly traded stock. it did form the dreaded black candle on the gap up, but the market was extremely weak so that an be excused. There is a little question about what the actual breakout point (the blue line is the O'Neil point), but today's gap pretty much made that an academic question.

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