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Charts courtesy of stockcharts.com

Thursday, December 29, 2011

CHKM

It looks like we are going through another phase of weak stocks breaking out. CHKM, even with today's breakout, is nowhere near where it was 6 months ago in price relative. One thing to be noted is a high increase in average daily volume since October (which is hard to see thanks to the volume spike), and the steadily increasing CMF. Despite that, this still looks like a pretty weak chart.

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