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Wednesday, September 28, 2011

LQDT

LQDT popped on an upgrade today, but this is actually a follow on move after a previous breakout. Despite what looks like a pretty strong chart, the price relative line, other than a couple of big moves up, really has not been rising. If the pivot points I have here are correct (very debatable) then this hit it's projected target today, meaning it is a low probability to go higher. CMF, however, has been very positive for the last 6 months, and this has been undergoing some accumulation. I wouldn't be a buyer here, but a stock that has been moving up in the face of a bear market certainly should be investigated.



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