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cintrix

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cintrix

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Re: nitetrak post# 47

Thursday, 01/15/2004 1:13:02 PM

Thursday, January 15, 2004 1:13:02 PM

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Breakout
A chart pattern used to indicate a rise in a stock's price above its resistance level (such as its previous high price) or a drop below its support level (commonly the last lowest price).

The assumption is that the stock will continue to move in the same direction following the breakout, generating a buy or sell signal.


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