The Fred Report - Weekly August 22, 2016

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EMLC is also interesting as the weekly chart shows a rounding bottom with support in the 17.50 to 18 area and resistance in the 20 – 21 area. I would consider buying this on down days.  DBB short-term support is important and is 12 – 12.50, and resistance is 14.50 to 15.50. Stochastics are overbought but the pattern is favorable, although suggesting consolidation. We would buy this on down days.



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