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fmg

Money Flow Index Shows Fortescue Metals (ASX: FMG) May Rebound

by Gabriel Andre on August 12, 2008

No stock in the market took off like Fortescue Metals (ASX:FMG) did last year.

It jumped from $1.77 to $2.25 in one week during 2007. And it kept rallying until recently. FMG’s year-high was $13.15 on June 25 this year.

Basically, the stock rose by 643% in 15 months.

That kind of explosive trading speaks for itself.

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