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Thursday, July 21, 2011

SXCI

SXCI has been on the IBD 50 several times in the past, and is probably on it again, and almost qualifies for the leadership list (ROE is barely too low). This looks like a failed breakout attempt, and probably is, but the volume was awfully high for no news. It ran up at the open for no reason I could find, and holders probably also got spooked on the move and decided to take profits. The chart pattern is very nice here, with only a slightly weak price relative line as a flaw.

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