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Non-Tech : Tommy Hillfiger 1997 (TOM)
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To: Thean who wrote (151)7/30/1997 4:47:00 PM
From: GR   of 183
 
gentlemen;a short note;tom's decrease in price today was to be expected for 2 reasons a)stoichastic overbought condition exerted itself 2)runup yest. and news. BUT,note that MACD is clearly in uptrend mode,with many other indivators showing a bullish divergence,makes the conclusion that tom will retest 47 fairly soon.i was,in fact surprised that it didn't retest the low of 42.it's interesting to note that what was resistance befor-44.00,is now support.Note too,that the close of tom was extremly strong,with large lots bought right up to the close.I would not be surprised,and technically there are reasons to support this(RSI,candles etc)-to see a test of 47 again very soon.I'm listing this as a buy technically on my DAILY TECHNICAL INDICATORS stocks popping thread.
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