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Selling Pressure
By: 2D-trading   Thursday, May 22, 2008 11:31 AM
Symbols: UTEK, UTK
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The stock market sold off for the second session in a row after bearish commentaries from the Fed. The crude Oil closed at a new all-time high above $133. Volume raised compared to the last sessions conferming the increasing selling pressure.
Here an interesting chart:
Ultratech Inc.(UTEK)

rallied to a two-year high five sessions ago. The stock is moving sideways in a bull flag and could resume its uptrend soon.





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