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Thursday, January 10, 2008

AP: Ascending Triangle - Breakout?

Today, AP penetrated the resistance line. Too bad, it did not close above the resistance line to confirm the breakout or to make it a valid breakout. Nevertheless, I see volume with today trading. Will this stock confirm the breakout further tom? Let's see.

Target Price: 6.0 (100%)
5.5 (26.3%)
5.6 (38.2%)
5.7 (61.8%)

Ascending Triangle Pattern
AP Chart as of January 10, 2008