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Thursday, May 03, 2012

MRO - Step Aside

MRO lost a major support on volume.  It's a goner.  60 minute oscillators are all severely oversold, but any bounce should be sold into imo.  The first stop is the small rectangle target as well as the 123.6 Fib extension at the low 27 area.  Then the horizontal support at 26.36.

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