Redman Industries was a manufactured-home builder, part of a cyclical industry. Stocks in 1966 were marked by a bear market, followed by 1967 — the first year of a new bull. During the last two quarters of 1967, Redman's earnings turned up 200% and 800%.
Further, a 13-week cup-with-handle chart pattern formed amid a correction of the S&P 500 in…
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