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Friday, August 12, 2011

MG

Today's only breakout as far as I could see, MG has a trait we have been seeing among the breakouts the last fw days: a price relative that broke out well before price, in this case, nearly two weeks ago. Otherwise, this is a stock I would never have bothered to look at, and even with the strong price relative I don;t like the chart in general, especially volume wise. It would, however, be wise to keep this on a watchlist, just in case this strength continues.

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