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Non-Tech : CORESTAFF (CSTF), now MMWW

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To: Lucky888 who wrote (223)12/5/1999 10:03:00 AM
From: RockyBalboa  Read Replies (1) of 257
 
DCipher on MMWW:

tscn.com



During the most recent trading session, MMWW posted a new fifty-two week high at
34.500. The last trade for MMWW was 33.000 with volume of 1,578,000 shares. The
new fifty-two week high for MMWW may clear the way for a new leg in its current
uptrend. 172% of the stock's thirty-day average volume has been traded in the most
recent session.

MMWW is in a strong uptrend with a significant positive divergence from the 200-day
moving average line. The moving average describes the price trend of a stock over
specific period 200 days in this case. When a stock's price is significantly above this
line, it has recently posted strong gains and may soon consolidate, or pull back, before
resuming its uptrend.

With a significant positive divergence from the 50-day moving average line, MMWW is
posting strong positive gains. The stock may consolidate briefly in the short-term before
the next upleg in its current trend as some investors might consider it overbought at this
time. The 50-day moving average line is a reliable intermediate-term indicator the
greater the divergence from this line, the more profits there are to be had for short-term
players. If the stock pulls back on decreasing volume and volatility in the near-term, this
is a positive sign that MMWW will experience an uptrend.

MMWW's figures currently rest substantially above its 10-day moving average line. A
strong positive divergence from this point of reference indicates that the stock might be
overbought in the short-term and that a consolidation or pullback may be in order. If the
stock is below its 50 or 200-day moving average lines, but above the 10-day line, this is
a sign of short-term strength and signals growing momentum. If this positive divergence
occurs on heavy relative volume a trend reversal might be underway. If, however,
MMWW is significantly above all three of these moving average lines, the stock may be
destined for a strong uptrend. Market timing (in any scenario) requires a sophisticated
understanding of a stock's relationship to moving average lines. Considering other
technical indicators in conjunction with moving average lines is also useful.

MMWW is exhibiting strong long-term growth potential. The stock has posted significant
gains over the past six months and is showing a bullish positive divergence from the
200 and 50 day moving average lines. In its current uptrend, MMWW is a top-performer
in the domestic equities markets. MMWW is gaining long-term momentum.

Measured by a combination of the MACD indicator, a strong one-week relative
performance and moving average ratios, MMWW is exhibiting strong short-term
momentum. In fact, MMWW posts recent gains with strong closing prices implying
short-term strengths as indicated by this powerful combination of technical indicators.
The stock is gaining momentum as exhibited by an increase in its short-term technical
ranking.

The above report is based on mathematical calculations and, as such, no investment
decision should be based solely on its conclusions. Follow this link for the full
disclaimer.
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