The chart for Maidenform Brands (MFB) is almost identical to the True Religion chart posted in the previous entry. Although even stronger in some ways (recall this stock had a period where it did not have 1 down session in a month!). [Mar 10, 2010: Some Stocks Have Not Gone Down 1 Day in a Month] Unlike True Religion where I took the initiative, this move is on auto pilot as my stop loss of nothing more than a 3.5% loss has hit. (original order was last Friday) Not much one can do here, a rising tide is lifting all boats and once S&P 1170 was broken to the upside I expected to start getting stopped out of most of the shorts. In reality the damage has been far less than I assumed, and of course we are more than making it up on the long side.
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