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CHU - A Breakout Play

Recs

1

September 14, 2010 – Comments (0) | RELATED TICKERS: CHU

This is a very solid swing-trade setup, but I would wait until the market confirms for us that it can bust through the 1130 resistance level on the S&P before initiating a position. But should that happen, this stock has an easy upside of $21 before hitting any meaningful resistance. The ideal stop-loss would be about $13.20.

Here is My Chart Analysis on CHU 

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