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FINRA Series 7

Category - Series 7

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After an extended period of backing and filling, a stock moves up sharply through a resistance level on heavy volume. A technical analyst would likely call this a:

buy-in
technical rally
buying climax
breakout

Explanation

Answer: D - breakout. An upward move through a resistance level that is confirmed by heavy volume is called a breakout.

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FINRA Series 7

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