Actually, the ascending base for CMN might have formed with the pivot being $27.09. Actual breakout happened on 3/3/05 -- 1st pullback was 14%, 2nd was 17% and 3rd 16%. Today could be just a breakout from a mild pullback of 8%.
Similar pattern happened for URBN in May, June and July 2003 during a light market correction, after which the stock surged.
Similar pattern happened for URBN in May, June and July 2003 during a light market correction, after which the stock surged.
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