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Thursday, January 5, 2012

ULTA

ULTA was not a breakout, but I did like the fact that it gapped over the 50dma and stayed above it. It did form the dreaded black candle, and ordinarily I wouldn't touch it, but when monopoly money is at stake, I'll take more chances. I will be dumping it if it can't hold the 50dma, however.

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