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Wednesday, June 16, 2010

EXAS update

So the current trade is doing well. The price of the stock has gone up with better than average volume in recent days. This seems to be primarily due to the fact that it was added to the Russell 3000 Index. No other news has been released.

The technicals (MACD, RSI, DMI) have turned bullish.

With a little over four weeks to go before the option expires, the stock would have to move about 8% or more from its current level in order for the shares to be called away.

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