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Friday, January 6, 2012

APOL

APOL is the first earnings breakout of 2012. This hit a previous high back in July of last year, then lapsed into a long, deep base. That hit bottom in October, and it began a period of mild out performance until mid November, when the price relative line began a steady rise. Price stopped at the previous high just before the breakout, and ATR dipped quite low. This has a pretty high probability of going higher for at least a few days.

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