Meade Instruments Corp MEAD Message Board

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Technology Stocks : Meade Instruments Corp MEAD

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To: Islander who wrote (129)	3/30/2000 4:22:00 PM
From: Walkingshadow	Read Replies (2) of 175

Islander, Any further thoughts here? MEAD finished strong----from 66 to 78.50 in about the last 45 minutes. This close makes it a technical breakout and new 52 week high, but the volume was not as strong as I would have liked. Based on the finish, looks like MEAD could gap up tomorrow, but to confirm the breakout, I'd really like to see a close above 70 tomorrow also. Technicals still show no sell signals at all----actually, nothing but buy signals, and today's candle looks very bullish. Yesterday it opened on the 10 day ema after correcting back to it for 4 sessions, bounced off of it and continued off of it with today's candle. So now it looks like it will ramp up off the 10 day ema for another session or two at least. Almost sold today.....glad I didn't! Still, I'd feel better if the volume was stronger. Cheers, Walkingshadow

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