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For about two months, IHI has been trending up and mostly above its ascending 10-day exponential moving average. Over time IHI moved above its 20- and 50-day exponential moving average in a healthy uptrend just below the upper Bollinger Band.

Apart from the above, IHI also crossed over the blue resistance line.

Just as important, IHI’s Relative Strength has also been trending up and above its ascending 20-day exponential moving average.

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