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Technology Stocks : Vivid Technologies (VVID)

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To: Sergio H who wrote (6)1/4/1998 7:29:00 PM
From: Sergio H   of 16
 
To: +Instock (1230 )
From: +Doug R Sunday, Jan 4 1998 3:48PM EST
Reply # of 1260

Scott,

The key technical point in VVID that I see is its volatility as Peg has already mentioned. On the long-term indicators this one starts very wide swings up from what is normally considered weak values in long and intermediate-term SMI, CCI and stochastics. The ratio of float to outstanding is the main factor behind this and the avg. daily volume shows that turnover is achieved rapidly. At present, the technical profile suggests moderate accumulation that is turning indicator values up at bullish levels. If this one sees wide swings up from weak levels...

I have no problem projecting alltime highs on the stock in the intermediate time frame. The current price can be considered a good value to begin accumulation.
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