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There was some desire to see failure CANSLIM breakouts in
action.
ABT is one, in my opinion - with multiple technical
formations.
See attached WEEKLY chart as the daily tests the 200 day
ma.
As an aside, implied volatility in ABT has been tracking the
bottom 10% of its annual range for well over 4 weeks now. Good opportunities
exist for long vol spreads in spite of this week's action - though the daily
options volume is relatively thin.
Gitanshu
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