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zrinszki
Jan 6, 2013 9:35 AM

VELT has started to break out (LONG) Long

Description

VELT finally broke through the 50 day SMA on daily and with volume this may give this stock ~40% upside move in the next 2 weeks, before a minor pullback. I initiated a long position at $5 with a stop loss at $4.74, target price is $7.05.
(It is possible this could get more upside in the near term if it manages to break through the 200 SMA)
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