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Friday, December 9, 2011

ENB

ENB broke out with a weak price relative line, but this has one this going for it: it has breached a very fierce resistance level at 35and finally closed above it. i like the volume pattern here, even though most of those up days were closes in the bottom half of the range, skewing CMF to the downside. This is in the oil and gas pipelines industry, which is rapidly strengthening.

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