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Monday, October 3, 2011


LO is one of the leading stocks in one of the last refuges left in the market, the cigarettes group. It is not a particularly good chart pattern, but the price relative line did break out on Friday, so this could be ready to make a move. It just missed hitting a new high today, but the real resistance here us around 112.80. It cleared that today, but just barely, and may be encountering resistance all the way up to 115.21.

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