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Tuesday, July 12, 2011

MASC

Earnings breakouts have been rare lately, but that should change in the coming weeks. MASC reported last night and had a rather lackluster open, only to make a big move up which was hidden for most of the day until it (barely) hit a new high. It closed below the breakout point, so technically it is not a breakout yet (can't call it a failed breakout yet, either). However, the price relative is at a new high, and the ATR line took a big dive before the breakout.

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