IBM Message Board - Msg: 4678099

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Technology Stocks : IBM

IBM 309.24

-0.5%

Dec 12 9:30 AM EST

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To: art slott who wrote (3176)	6/1/1998 8:38:00 PM
From: Chris	of 8218

the low touched the 50 day ema.. good sign of "underlying" strength.. currently on weekly sell CSS II: Analysis of IBM (IBM) Reviewed on 6/1/98 ************************** High: 118.312 Low: 114.625 Close: 117.188 Change: -0.312 (-0.2655%) Volume Today: 3,653,700 shares. On 6/1/98, IBM closed down -0.3120 at 117.1880 on volume 6.62% below average. ************************ Summary: Moving Averages IBM closed at: 117.188 The close is currently Below its 5 period exponential moving average (119.0211). The close is currently Below its 9 period exponential moving average (120.0272). The close is currently Below its 21 period exponential moving average (119.4421). The close is currently Above its 50 period exponential moving average(114.9012). The close is currently Above its 200 period exponential moving average (104.1874). ************************** Candlesticks (Automatically done by Metastock. Accuracy Unverified) A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 2 white candles and 8 black candles for a net of 6 black candles. During the past 50 bars, there have been 20 white candles and 30 black candles for a net of 10 black candles. A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold). A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble. Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

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