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Thursday, November 21, 2013

MEG


MEG was another of the breakouts, this one getting through  longer term resistance level. It is hard to tell if price relative hit a new high today, I won't know until I run the price relative scan, but I would have liked to see it break out just before price. Volume was pretty unimpressive, but ther was just enough buyers to push the price over the threshold. The volume pattern looks like it favors the bulls here.

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