Lorillard Lights Up

The tobacco stocks may be heating up again. Led by Lorillard's (LO) breakout move this week, the sector may begin to attract attention in the near term. LO is up just shy of 1.5% on above average trading today and is testing its January high. This strong move follows yesterday's high volume action that pushed the stock past a heavy overhead trend line. It is early in the process but it appears LO is leaving behind a significant support area and is setting up well for more upside.

In mid-November, Lorillard ended a powerful bull run, which began back in August. The stock had gained more than  25% from its late summer base and had pushed well into overbought territory by Thanksgiving week....179 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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