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Robo
Jun 17, 2013 8:34 PM

ACCO Bullish Channel Long

Acco Brands CorporationNYSE

Description

Sitting on the bottom rail of a multi-year bullish channel. 15% of the float is sold short, so a short squeeze could help propel this thing higher. I would enter at current levels at $6.75, with a stop on a daily close below $5.50 and a target of $13.00 creating an effective risk:reward ratio of 5:1
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