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6/22/99 Polaroid Corp (PRD)
Points to watch:
Polaroid has been forming a bottom since December, trading in a trading range between 16 and 23. OBV has been rising strongly since mid February. The stock has recently broken through key resistance levels and looks poised to move higher. On June 15th the stock moved above its 200 day moving average for the first time in over a year. Yesterday the stock moved above resistance at 25.75, finishing the day at 26.25. Strong downside support exists at 23.63.
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