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Monday, February 25, 2013

BGFV

BGFV was a breakout I saw early this morning, and was one of the few that actually held, but volume did not come through. According to my pivot point analysis, this actually did not break out today, but the real breakout came in mid January, although it went nowhere after that. I projeced a pretty high target here, but a more modest target projected using the second from bottom horizontal line. In eiher case, I am not terribly confident in either projection, as this has a fairly weak price relative line.

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