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  • Michael Lee
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  • Business . double top . Equities . Health . Investing . orders . Pivot point . Stocks and Bonds . Technical analysis .

That’s a great question.  A double top is generally an indicator of strong resistance.  As with all resistance indicators, I believe positions should be monitored a bit more closely near these areas.  At this strong resistance level it is generally likely that the stock will consolidate, then fall back downward as it did when it hit this resistance level previously.  Think of it as if the stock is underneath the ice of a frozen pond.  As it swims along, it…

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  • Michael Lee
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  • Canada . Health . Health care . Health care reform . Health policy . Politics . Rick Santorum . United States .

As the markets continue their volatile struggle to stay afloat health care; more specifically, the health care plans industry, continues to thrive. Twelve of the 17 stocks that comprise the health care plans industry are currently trading within an up-trending price pattern and may continue to rise... Read more at http://seekingalpha.com/article/274574-health-care-plan-stocks-rise-as-markets-fall

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