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June 07, 2006
Cleco Corp (CNL) has been great for swing traders. Check out the chart and article here:
We want to time the swing on this one so it's not a buy right now. We want it to pull back to under $21.80, then buy, ride up to $23 or higher and sell.
Using the stochastic and MACD as confirmation, along with the walls of the uptrend channel, this has worked for all of 2006. Can it continue? I'm betting it can.
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