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For today's chart we've chosen to take a look at RMD because today's 5.1% gain has pushed the price of the company's shares toward the resistance of an ascending trendline. As you can see from the chart below, the sloping trendline was able to prop up the price of RMD shares from January 2004 until August 2006, but now that it has fallen below we'd expect the level of support to reverse its role and become an area of resistance.


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