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Technology Stocks : RRRR: Rare Medium Group (soon to be) formerly ICC

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To: Mahatmabenfoo who wrote (1135)11/4/2000 9:17:43 AM
From: seven_reader7  Read Replies (2) of 1150
 
RRRR based nicely and looks to be under accumulation now. the TAROT continues to read great things for RRRR

7

users1.50megs.com

EN-FUEG-0-METER goes GREEN on RRRR!
by: seven_reader7 11/4/00 8:40 am
Msg: 60625 of 60626

What is the En Fueg-o-meter? Trend is the most significant factor to consider when evaluating a stock. The En Fueg-o-meter is an intuitive indicator of the three-week trend. Stocks moving up 10% or more in that period are given a Green or Trending Up rating. Stocks moving down 10% or more during that period are given a Red or Trending Down rating. Stocks between + / - 9% during that period are given a Yellow or Range Bound rating. To give you an at-a-glance picture of a its current status, every stock in a Watch List has an icon colored either red, yellow, or green based on its En Fueg-o-meter rating.
Other important aspects you should consider are mentioned below:

Currently:
Open: $5.56
Close: $6.34
Range: $6.50 - $5.44
Change: $0.81 (14.70%)
Volume: 2478000
Price Move: 14.70% Up
% over/under 6 month average volume 111.57%Up
Near 52 Week High: No
Near 52 Week Low: No
2 Bull(s) to 3 Bear(s)
RSI Rating: 66.38
En Fueg-o-meter Color Status: Green

RRRR closed at $6.34 trading 2,478,000 shares.
The average up cycle is 34.2 % lasting 7.2 days.
The average peak-to-base down cycle is 51.3% lasting 5.1 days.
This means when going up, RRRR will go 34.2% up, and when going down, RRRR will go 51.3% down.
RRRR is breaking out from the current base as follows:
41.0% above the base of $4.500.
7 day(s) into its average base-to-peak 7 day cycle.
Based on probability and historical performance RRRR has exceeded its typical upside move.

The MACD indicator requires trending stocks-the longer and stronger the trend the more reliable the MACD indicator will be. RRRR is a good candidate for bullish plays being rated Trending Up, and Bullish.

RRRR is mixed. With its 10 and 50 Day Averages diverging RRRR is very likely range bound. If the stock shows good consistency between support and resistance levels, you many want to consider and Channeling play while it's near its lower range.
Think of moving averages as moving trendlines. They help measure the direction of existing trends and can help determine when a trend change has taken place. Moving averages also act as support and resistance levels.

RRRR made a great move up in price without underlying move in volume (14.7%/79.0% of average volume). This kind of move feels like a pair of jeans right out of the dryer-nice and warm but a little too tight. We love the price action but wonder if the lack of volume means the move is fluke. If volume doesn't pick up tomorrow RRRR could give it back. There is a fair chance of a reversal in the next few sessions.

Relative Strength is a great indicator. It tells you what kind of pressure--buying or selling--a stock is receiving. RRRR with 66.4 (RSI) is excellent. RRRR is performing well.

*********************************************
other tools we use have also upgrade their opinions from "distribution" to "accumulations" and "strong money flow" into RRRR on Friday. you can find links to these on either of the following places

casualforums.com

users1.50megs.com
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