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Breaking Resistance

The following chart of Remedy (RMDY) illustrates a stock breaking through resistance and making new highs. The stock first made a new high at approximately 50 in late December followed by a failed attempt to new highs in mid January. This created a resistance level at the old high. The stock then broke through resistance on strong volume in late January setting new highs on the way up.

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Siler Financial Group
705-D W. State Road 434
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