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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (3125)7/12/2000 5:56:46 PM
From: jhg_in_kc   of 30051
 
WHAT ABOUT PWER UP 20?Power-One, Inc, whose customers include industry leaders like Cisco, Nortel, Teradyne, Lucent Technologies, Alcatel, Newbridge Networks, Hewlett-Packard, Siemens and Ericsson has been a reliable performer all year. It rose more than 130 percent from a late May low to the end of June. Since then, it has been consolidating those gains on decreasing volumes. The pattern thus formed is called a pennant Prices most frequently emerge from a pennant formation with a move in the same direction they were traveling when they entered it. In this case, that would be to the upside.
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