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Biotech / Medical : ROTC:Rotech medical

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To: Bryce Elkins who wrote (64)5/24/1997 2:29:00 PM
From: E. Graphs   of 161
 
Bryce,

Thought it best to respond here. Sorry it took awhile...
Looks like a strong stock that got into a bit of trouble, but not enough to break its back. Actually, most of the weakest positions look to be shaken out now, and there's been some recent signs of volume reversal even while the stock seems to be trying to base. If you're long you may need some patience before it begins to trend up again. It's too soon to tell when it might do that. The moving averages still need to flatten, especially the 50day. But, with volume going in the right direction (up when the price is up) things will improve. I wouldn't buy the stock just now based on the chart. Watch the volume for early signs of improvement here. Hope I've been helpful.

E
Looking at the other one...much better story there it would seem, but I can't get a decent chart on it anywhere. Is it obscure?
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