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Wednesday, November 30, 2011

RDEN

Again the theme today is relative strength. RDEN had a breakout in price relative a few days ago, despite the fact that price was dropping. It actually undercut the 50dma by a bit, but promptly got back over it and made a move up, followed by today's breakout. Here is a really good example of a stock which is showing strength during market weakness, then taking off when the market turns.

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