SNRS- Sunrise Technologies Message Board

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Biotech / Medical : SNRS- Sunrise Technologies

SNRS 0.000001000

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Jun 6 11:01 AM EST

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To: Robert C. Petersen who wrote (2607)	7/7/1999 3:24:00 AM
From: HeyRainier	of 4140

Since the break of the downtrend on 6/28, the stock has continued to look more bullish with every passing day, with no short term sell signal yet being triggered. However, indications now show that the near term run may be reaching over-extended levels (on 3 fronts), while coincidentally occurring at the upper end of the trading range from ~$9 to mid-$14. On a close-only basis, the stock has closed at a new high, but watch out for any potential pressure to manifest itself at the previous intraday high of $14.94 set on 5/10. If this can sustainably close above ~$15 with no pullback to the $9-$14 trading range, then that will be a very positive sign. Any quick breakout to the upside followed by a reversal within the next few days would be a Bull Trap. Be careful of those, as they are one of the more reliable failed signals out there. Good luck SNRS traders. Rainier

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