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Monday, January 6, 2014

LEN 1/6

Here is the daily chart for LEN.


LEN broke out of a protracted trading range on high volume.  It is now coming back in to test the top of that range.  Should that test be successful LEN might test the summer highs in the 44 area again.  If the test fails then LEN might be headed for a test of the fall lows.  Failed break outs can lead to big moves in the other direction.

Bob

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The information in this blog is provided for educational purposes only and is not to be construed as investment advice.