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Tuesday, September 3, 2013

HOG

I don;t have annotated charts today, but I did want to look at one breakout stock, HOG, which is actually not a true breakout since it broke through the breakout point a few days ago. However it did not get the breakout volume until today. What is most remarkable here is that this was a lagging stock in a very strong industry that, out of the blue, kicked it into gear at the end of July and is now leading that group. The price relative line is probably one of the sronges in the market right now. The only problem here is a lcak of accumulation as evidenced by CMF, although the volume pattern is not bad. Just on relative strength alone this is a very tempting entry point.

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