Buy between $6.31 - $6.41 and hold on for the ride. Sell around $7.15.
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healthy revenue growth obscured by FX devaluations
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Stop: 13.44, Loss: 3.2% Target T1: 15.03, Profit: 8.2% T1 P/L ratio: 2.6 : 1 (Good)
NOTE: Earnings 4/30 www.stocksetups.com
We will be looking to add to our ARCO position in either of these 2 scenarios. 1st: A pullback to 14. Making another Higher low 2nd: A breakout from May gap down. Confirmed at 16. Target 17.50
Channel breakout into a gap fill prior to earnings on 8/1/2012