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Thursday, April 21, 2011

KepCorp Revisited

[ Intrad Day 12:15pm ]

On March 29, I made a post in regard to the formation of a symmetrical triangle in KepCorp and gave a price target of $13.5. At that time, KepCorp was trading at $12.00. The target seems far fetched. Today, KepCorp is much nearer to the target where it is trading at $12.90 currently. A new breakout from a flag today is likely to take KepCorp to a new high.