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Charts courtesy of stockcharts.com

Monday, October 10, 2011

SIMO

SIMO had the highest relative volume on the new highs list, but other than that, I am not impressed. The chart pattern is way too wide and loose, with highly volatile trading in the past month and a half. It did try to break out today, but the price relative line failed to hit a new high, and this sold off pretty dramatically.

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