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Friday, February 3, 2012

SWI

There were quite a few breakouts today, but I didn't see any that looked as good as SWI. This one hit my (and IBD's) rader on the breakout in late October, which was the place to buy it, as it then almost perfectly carved out a trading range which offered plenty of opportunities. It nearly retested the breakout point, offering a second buying opportunity, and is offering a third right now. The only problem here is a weak price relative line, something we have been seeing an awful lot of lately. However, I really like this one and will probably be jumping in on Monday, especially if it pulls back a bit.

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