EMC Breaks Through Prior Rally Peaks

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By Mike Paulenoff | Published 06/3/2010 | Stocks | Unrated

EMC Breaks Through Prior Rally Peaks

EMC Corp (EMC) is acting very strong today, and this morning hurdled its two prior rally peaks at 18.91/93, which sent the stock to 19.00 and should see a follow-through towards a test of critical resistance at 19.10/22.

At this juncture, only a decline that breaks 18.50 will compromise the timing of the expected test of 19.10/22 -- and the subsequent upside breakout to 21.50-22.00.

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com.

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