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Monday, August 20, 2012

ROSE


Currently holding $ROSE October $45 calls.  Looking at the daily chart, this stock is in an uptrend since 6/28 bottom. It has been hitting resistance at the 200 day for the past 8 trading sessions.  Once it breaks resistance around $45.36 with more volume we should continue to see higher prices.  The volume in the last few trading days has been way below average.  This could be a sign that the selling has been slowing.  My short term price target is $47. The oil sector has been a laggard lately and should catch a bid soon.

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