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The "Bullish Catapult" P&F pattern is a great way to find stocks that are breaking out above resistance. Today, Protective Life Corp. (PL) was the only high volume stock to create a new Bullish Catapult pattern when it moved above 6.0. Right now, the catapult line is short but the P&F Price Objective is at PL's recent support line of 8.0.
( Click here for an explanation of P&F Price Objectives.)
( Click here for an explanation of P&F Price Objectives.)
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