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Right on today’s daily cheat sheet at 8:30 AM, the sole downgrade today was Cognex Corp (CGNX). Downgraded by Piper Jaffray from Overweight to Neutral it was one of the few downgrades pre-market today. The stock opened at $35.31 and stayed in a steady descending channel ending the trading session at $32.00 for a return in excess of 10% today. Not a bad trade for simply reading the Cheat Sheet.
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