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August 31, 2005
Qlogic Fails at Resistance
QLGC - Qlogic (QLGC) had a sudden change of heart. The stock retraced ~50% of the prior decline with a rising price channel. Both the retracement and the pattern are typical for corrective advances. There was a sudden reversal on high volume over the last two days and this stocks looks headed lower.
Posted by Arthur B. Hill at August 31, 2005 11:05 AM