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MOD-PAC CORP(NASDAQ:MPAC) Has Broken out of Trading Range
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Posted on 11/05/09 at 10:06am by George Zabel
MOD-PAC CORP(MPAC) is sharply higher today confirming a breakout well above its recent trading zone, it looks like a value stock that could move substantially higher.
MOD-PAC maintains a steady rally above its 50 day M.A. Such stocks have the potential of doubling in price within 10 to 15 days based on technical status alone. The one and only indicator required is broader sector and market trend being in the same direction, savvy traders usually pick a variety of stocks in this price band where less than 50% in the portfolio makes 90% of the profit.
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