The Lorillard Group Looking Good (LO)

Submitted by Maher on Wed, 08/24/2011 - 18:47

LO looks ready to go. OBV, one of my favorite indicators, has already broken out pointing to institutional buying under the hood and supporting a price breakout to all time high.

Keep LO on your watch list. The run up to resistance looks steep. So a pull back to $106-$105 should offer a great entry point.

LO Daily Chart

LO Daily Chart

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