COM21 (CMTO) Message Board

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Technology Stocks : COM21 (CMTO)

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To: DZOO who wrote (661)	6/25/1999 9:37:00 AM
From: AI Master	Read Replies (2) of 2347

Technicals look bad for CMTO. Analysis of the rate of change of the exponentially smoothed average price suggests the start of a downtrend for this equity. The rate of change is negative and continuing to decrease which indicates increasing downward force. This is a bearish indication for a continuation of this move. The equity price has crossed and closed below the short term 18% exponentially smoothed average price. This indicates a continuation of the current price movement but it is subject to whipsaws. This is a weak bearish signal that could be followed by a downward movement in the equity price. The 21 day stochastic has crossed the 80% line and is decreasing accompanied by decreasing volume accumulation. This is a strong bearish indication that a price reversal to the downside is now taking place. This type signal is often followed by further downward price movements. The closing price for this equity is at a six month low and today's volume is higher than average. This is a bearish indication that the current downtrend will continue. Good luck and happy trading! Rocky

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