EMC Corp, fresh off of two more positive analyst recommendations (Bank of America and Jeffreys), has broken through $21 to $21.06, a new intra-day and 52 week high. The markets are currently mixed but it appears word on EMC’s undervalue has finally caught on. We’ll see if EMC can hold support at the $21 level when the markets close this afternoon.
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- Long SMN @ 35, Short XLU @ 30 2009/02/06