June 27, 2008
DMLP - Nasdaq. Dorchester Minerals, L.P. has formed a potential Pennant Up following three days of strong rising prices accompanied by large volume. The best Pennants to trade are often those that form tight and fast following a good breakout. As is the case with any chart pattern, the volume must expand on the breakout with a decisive closing price above resistance. Measurable target based on the height of this formation is around the $42.00.
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