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Monday, November 19, 2012

LOW

LOW does not quite have the long term strength of it's industry mates HD and LL, but since August the price relative line has been going virtually straight up, a breakout on earnings today was not a surprise. Interestingly enough, CMF took a big dive just before the breakout, and this is not a thinly traded stock, so that is a reason for caution. However, it is a strong stock in and extremely strong industry, so this is likely to be moving higher in the short term.

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