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Wednesday, September 14, 2011

MJN

I caught MJN on it's previous breakout in July, after it's price relative line had been steadily rising while it was forming a shallow base. Since then it went pretty much nowhere, but the price relative line kept rising until it got to the middle of the base, Since then it has not been significantly outperforming the market, although the price relative did hit a new high. This is still a pretty nice chart, just not as nice as it looked back in July.

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