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Breakouts Among Big-Cap Stocks Mostly Went Nowhere
Posted on June 25, 2012 at 18:15 PM EDT
The uptrend confirmed on June 15 fostered two reactions. Some stocks broke out and then quickly faded. Others didn't break out but advanced. Alexion Pharmaceuticals (ALXN) sketched a flat base and broke out on June 19. The stock cleared a 95.11 buy point and closed high in the day's range. However, volume was 31% above average, below the 40% minimum spike preferred in a breakout. Sometimes weekly volume will show the spike, but Alexion's weekly
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