Wednesday, February 6, 2008

Technical Breakout: Thornburg Mortgage...

TMA up 1.04 to $12.95

Thornburg Mortgage (TMA) is breaking out from a four month base today on higher volume. The stock was trying to break higher yesterday, but the broad market held it back. This morning it broke easily through resistance at $12. Next level of resitance is $13.50. After that, nothing until the low 20's.

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