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Версія за 00:27, 26 жовтня 2015

Stocks struggled to a mixed finish on Monday, just days after the Dow rose above 11,000 for the first time since early May. That got a lot of media attention but while it is really just another number, and individual who has been crossed before, it gets attention. Many traders to be able to even whole numbers like that as 'century' numbers. Often breakouts are more potent when they occur over whole even numbers like 10.00 or 25.00 on a stock as well.





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Tom Samuels, managing partner at Palantir Capital Management said, "The information mill trying to convince itself that theme is fantastic news and not so good news is good news." Samuels also said, "The Dow has risen five of the past six weeks and has grown into less than 2 percent from its highest level of the year, which it touched in late April." Apr's have been falling pending a Fed move.

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Analysts said the company's continued profits drove the share buyback program, looking for a similar $1 billion share buyback announced in April and completed the fiscal third district.

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