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Wednesday, January 23, 2013

CREE

CREE was the relative volume winner among today's breakouts (not counting GOOG, which did not hit a new high). This one began to establish a new trading range with the gap up in October, sey that range fairly predictably, then broke out on earnings today. I'm not sure how O'Neil would feel about that drop earlier this month: while it held support, it does severely damage the price relative line. Today's move and volume probably makes that a moot point, though.

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