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Friday, April 06, 2007 

Trade Alert - AVT Breakout !!!!

Chart courtesy of stockcharts

Shares AVT rose to new highs today closing at 38.88$. Avnet, Inc. is a company that distributes electronic components, enterprise network and computer products, software, and embedded subsystems primarily in Americas, the Middle East, Asia, Africa, and Europe. I like this chart. It is a bullish chart. AVT broke out of an important consolidation area with excellent volume and will likely have the attention of the swing-traders in the next sessions. Bullishs Indicators confirmed by on Balance Volume and Relative Strength and RSI. The stock is now in breakout mode and if this chart does what is supposed to do, it will be going higher in the sessions to come.

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 day !!!

AC

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Hello my friend AC !!!

I have the same opinion in this stock, Breakout will be confirmed on Monday.

HAPPY EASTER !!!

James

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 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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