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Three stock charts and a graphic appear below. The first chart shows how the stock looked on the day our new stock
alerts gave a buy signal. The second
chart shows the resulting price move. The third chart is a weekly and it shows
how the stock found support at its 50% float channel line on several occasions
in the recent past. The purpose of these charts is to demonstrate the power of
Float Charts and the principles of Float Analysis.
Feel free to share these charts with others.
Mission Resources Inc. (MSSN)
Support at the 50% Float Channel Line
MSSN made a bottom formation back in July of 2003 and its price has been
rising every since. In the upward move, the stock has found support three
times at the area of its 50% float channel line. Most recently we got a buy
alert on January 18th, 2005 and the stock is up 39% in 39
days.
See the three charts below.
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These stocks
have recently made a particular "Float Turnover Formation" and have a high likelihood of profitability.
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