CMGI What is the latest news on this stock? Message Board

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Technology Stocks : CMGI What is the latest news on this stock?

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To: hudson who wrote (105)	8/29/1997 8:55:00 AM
From: kenteen	of 19700

Rudy the APM thread did some TA on CMGI for us.http://www.techstocks.com/~wsapi/investor/s-15601/reply-2808. "CMGI 22-1/2 - Last week broke 8 mo old double bottom pattern and this week broke 52 WK hi at 20-3/8. 14WK RSI is at 70. Last two weeks' breakouts had good volume (about 1.5x ave). Daily RSI is at 78 close to oversold. 5 Day stochastic is at 91 and oversold. 13 day Directional ADX is bullish (2nd day of rise). Now, long term TA looks quite bullish. Accummulation is not impressive but it broke a long base. Short term will see pullback since its oversold in short term. So it's not a good time to buy IMHO. I'd wait for a pullback to the ex-resistance (20-3/8)."

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