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Wednesday, January 4, 2012

FTK

FTK was the best looking of the breakouts today, and I stalked it all day waiting for a pullback and entry point, but it never came. This just started up in the morning and kept going up all day. It broke out on the highest volume in 6 months, and I saw absolutely no news on it. the price relative line is pretty strong, but not really outperforming the market until today. It appears somebody big decided they wanted in. I will be watching this for a pullback or, at the least, some sideways movement.

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