Looks from the Daily Chart like there is more room to move, given the break in the upper Bollinger Band, and RSI at a comfortable level in the 50 range:
iqc.com
Gotta like that as we move towards earnings.
Lily - has CC hedging begun to clear - clear skies ahead ??
Also, looking at a MACD cross of the "fast line" and "slow line":
clearstation.com
In the past, this has been a bit of a selling signal on WSTL, tho really it should signal a move upward if I understand correctly - seems to be what many have referred to as the "head fakes" that we have seen WSTL do many times before.
But then Options Open Interest getting even stronger, with sudden (past three days or so) accelleration in the Feb 10's Open Interest:
optionsource.com
Add to that Morgan Stanley Dean Witter is now a major holder:
wsrn.marketguide.com
(click OK past Javascript errors...)
And add in a fresh batch of DSL news and articles daily, that we naively expected 3 years ago, and....
Not looking so bad, from here.
Tempted to take some $$ off on a quick run to $14, but since July '96, gotta hang through and see how this (sometimes Horror) story ends...
Regards,
Dave |
