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May 21, 2013  Tue 7:26 AM CT

HD: SEE CHART GET CHAIN FIND STRATEGIES

Earnings, Sales Beat Expectations

Home Depot earned $0.83 a share in the first quarter, better than the $0.77 expected by analysts. Sales of $19.12 billon also beat the $18.68 billion consensus estimate, and management raised full-year guidance thanks to the strong housing market. HD climbs 3 percent before the bell on my tradeMONSTER platform.

Kosmos Abandons Cameroon Oil Well

Kosmos Energy announced results from its Sipo-1 exploration well in Cameroon, and the news isn't good. The company "failed to encounter commercial reservoirs" and is abandoning the effort. It will also take a $75 million expense in the second-quarter. KOS drops more than 8 percent in early trading.

Phase III Data Lifts AcelRx

AcelRx Pharmaceuticals reported that its Sufentanil NanoTab pain drug reached the primary endpoint in a Phase 3 trial. Management plans to seek approval for the product in the third quarter. ACRX is up 14 percent in early trading.

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Timing the Trade

Both break outs and a break downs need to have a couple things happen before it is considered a confirmed break out or break down by technical definition!  The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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