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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (115393)10/18/2000 12:47:48 PM
From: Jenna  Read Replies (1) of 120523
 
NTRO.. triggered at 45, reached a spike high of about 52.. above the resistance of the 200 period moving average. At that ceiling it hit a wall and collapsed. It is consolidating here. NTRO might have some late day breakout because of its pending earnings. I would not hold this but it could retrigger if the market rallies.. Just watch for breaks out of consolidation. One or two 5 minute bars.
notice how right at the point of the spike high, NTRO reversed like some others, MACR did not do that it exploded right through the 200 period MA in a 10 point gain..
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