Watching for a breakout to new highs.

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The weekly chart for PII looks strong with good price action backed up by heavy volume . Before I enter long I want to see a strong breakout where price closes at or very near the highs on higher than average volume on the daily chart . My stop will be just below that days low and entry 10 cents above the high. I also want to see the S&P follow through to the upside. Without the market moving in the same direction the risk of getting wiggled out is too high.
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