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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Chisy who wrote (6223)5/31/2000 12:02:00 PM
From: James Strauss  Read Replies (1) of 13094
 
IDTI...

Chisy:

The 49 to 50 area is the former top... That's usually a testing area... The strength that IDTI is currently showing hints at a break of that top...

Also, nice move by WAVC... A word of caution parabolic (straight up) moves tend to precede tops... bigcharts.com

But, if it remains above 6.00 on a closing basis, it will have broken a downsloping trendline... Also note the nice double bottom put in at 3 1/2 a few days ago... That's usually a bullish sign...

Jim
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