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Wednesday, February 22, 2012

INTU

INTU has the distinction of not having a terribly weak price relative line. While it isn't very strong , either, at least it isn't as bad as the others. Other than that there isn't much to complain about here. ATR dropped to an extreme low level before the breakout, a sign of a shakeout going on, and while CMF shows a recent decline, I suspect there was stealth accumulation going on here in the past couple of weeks.

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