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Duke Realty (
DRE) was another breakout name from this past week, after getting buoyed by some analyst comments. But it's this stock's technical setup that gave it the momentum for yesterday's 3% move. For the last month, Duke has been forming an inverse head and shoulders pattern, with a neckline level at $16. When shares moved through that level on Wednesday, the combination of bullish analysts and Ben Bernanke's comments helped fuel yesterday's gap higher.
From here, more upside looks likely, particularly because there isn't any noticeable resistance for DRE to hit until $17.50. If you decide to jump in here, just keep a tight stop at the 200-day moving average.
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