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[Costa]

Shares of Skullcandy Inc (NASDAQ:SKUL) which had been flagging since mid-August off its upmove from the 6.67 area to around 8.45, broke out of the bull flag pattern today with decent volume. Target price IMHO for this stock is near 10. The chart is now much improved after today’s action. The MACD has reversed again the course and stock closed above its 20-day exp moving average. If the stock can break today’s high of $8.15, we should see a strong follow through move. SKUL will move very quickly, so keep a very close eye on the stock.