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Technology Stocks : Protection One ALRM
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To: Instock who wrote (55)3/27/1997 1:39:00 AM
From: Doug R   of 146
 
Instock,

The technical picture is still positive except for the very short term stochastics.
I went back through my TA library and found that the stalling pattern here is due
to (obviously) an overbought condition. The day before the breakout was an up day.
It would have been better if it was a down day. Since it was up, the likelyhood
of a failure of the breakout is greater than that of it's continuation. The high of
11 1/8 exceeded the short term objective based on some other TA stuff. I'm not going
to say that it won't go higher, just that it won't go higher this time.

I'm going to pass for now. I see a very nice move in MVSI approaching fast.
I'm sure you know the fundamental story but there's a technical stir being caused by
their last press release.

Good luck
Doug R
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