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Stock Watch PH $50 Breakout Looming

Posted by Blain Reinkensmeyer
November 13, 2006 at 10:01 am

Keep a close eye on Parker-hannifin Corp (PH) as the stock is setup to break out past $85 resistance any day now. A move past $85 would put it in a new trading range between $85 and $88. Volume right now is nearings 200,000, and a confirmed move will need well over 1 million shares. Keep a close eye on PH as real time it just hit a new intra-day high of $84.87!

Happy Hunting!