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Wednesday, March 07, 2007 

SKS - Saks

Chart courtesy of stockcharts

Shares of Saks rose more than 5% to 19.82$ after company reported a quarterly profit Wednesday morning, reversing a year-earlier loss. Looking at the chart stock gained some momentum today, shorts have been very painful this time and covers may have amplified the reaction to the upside.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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