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ConocoPhillips Extends Breakout, but Momentum Is Fading


NEW YORK (TheStreet) -- ConocoPhillips (COP - Get Report) managed to hold on to a slight gain on Wednesday, and its seven-day winning streak remained intact. Before fading in the afternoon, ConocoPhillips was up more than 22% from its Sept. 29 low.

This impressive rally has been fueled by steadily increasing volume, especially this week as the stock began to move past the September high. In the very near term, though, the rally is becoming a bit...