Subject:
[popspicks] PANA Posts Strong Weekly Gains
Date:
13 May 2000 13:56:32 -0000
From:
"Pop's Picks" <popspicks-owner@listbot.com>
Reply-To:
"Pop's Picks" <popspicks@listbot.com>
To:
"Pop's Picks" <popspicks@listbot.com>
Pop's Picks
Panaco, Inc. closed out the week at .77c. Those of you who have been
around awhile will remember, I profiled this stock 46.4 a awhile
ago........My short term target is Now $4- $5....with a STRONG BUY
rating........Panaco, will be announcing news soon which should REALLY get
us going......At the Conference call the other day, Panaco CONFIRMED their
intent on getting on the AMEX, something I reported MONTHS ago!.......
....Over the last few weeks, we have had 3 WINNERS.......FWC, MHR, and now
PANA......Your comments are ALWAYS appreciated!
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Friday's Action - PANA
Breakout Alerts:
New 6 Week High
Positive 8/17/0 Week MACD Breakout
PANACO TECHNICAL SYNOPSIS
The following indicators are POSITIVE......MACD, CCI, Stochastics, Wilder
RSI, OBV......Bolliger Bands indicate an imminent UPWARD spike!
After opening at 0.718, PANA traded within a 20% range. The
stock shows an intraday high of 0.770 and a low of 0.640. The
last trade for PANA was 0.770 with volume of 113,300 shares.
Volume Rank provides a measure of the most recent trading
activity of a stock using a composite of three important volume
indicators. A very high Volume Rank for PANA indicates that the
stock has seen unusually active trading recently. Research news
and events to determine why this stock has been so heavily
traded.
PANA is exhibiting a notable positive divergence from its 200-day
moving average line. Demand for the stock has pulled its share
price upward. Insofar as the moving average line describes the
price trend of a stock over a specific period of time, a move this
large away from the 200-day average shows long-term strength
for the issue.
With a positive divergence from the 50-day moving average line,
PANA has recently posted strong gains. If the stock continues
with its positive divergence from the 50-day moving average line,
this is a sign of continued momentum for its trend. If gains are
achieved on heavy volume, this is also a bullish signal for the
stock's intermediate-term outlook and is indicative of continued
upside momentum.
PANA is currently above its 10-day moving average line by a
substantial margin. A strong positive divergence from this point
of reference indicates that the stock may be overbought in the
short-term and that a consolidation or pull back may be in order.
If the stock is below either it's 50 or 200-day moving average
lines, but above the 10-day line, this would be a sign of short-
term strength and might signal growing momentum. If this
positive divergence occurs on heavy relative volume, then a trend
reversal might be underway. If PANA is significantly above all
three of these moving average lines, the stock might be
considered to be in a strong uptrend.
According to the Long Term Technical Rank as constructed from
a variety of moving average and relative performance criteria,
this stock exhibits superior technical strength. This implies that
PANA could see superior long-term growth relative to most
stocks.
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