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Respect the Breakout on Rectangles

False moves in these patterns are infrequent, so wait for the breakout and do not anticipate it.

The latest edition of TheStreet.com Top Stocks is now available.

This issue of the newsletter notes that economically sensitive stocks have rallied, not loved tech stocks. Also, a bullish case for today is that plenty of gaps up have created island bottoms. In addition, a new idea, today's indicator, updates on previous picks and reader feedback on three stocks.