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A better than expected CPI offering some relief on the inflation front. The market reacted with a volatile session that ended in favor of the bulls in spite of stronger selling pressure compared the last few sessions. Volume was decent this time showing the first signs of a broad partecipation. This is another positive news for the bulls.
Here an interesting chart:
Encore Acquisition Co.(EAC)

rallied to a new all-time high five sessions ago. The stock is pausing at the top in a 60-minute ascending triangle and could break out soon.
Chart Courtesy Of TeleChart Swing Trading, Technical Analysis, Daily Stock Market Commentary.

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