Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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

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To: Jibacoa who wrote (7435)	1/10/2001 10:30:02 PM
From: Jibacoa	Read Replies (1) of 13094

JACO: Nice move today. They reported more than 2x improvement in revenues and 4.64x better earnings for their 2nd.Q ending 12/31/2000. For the 6 months their revenues were also more than 2x compared to last year and net earnings 7x last year's. They are selling just above book. Their price sales was 0.19 (before last Q results !!). The P/E was 4.76 and is now down to 3.73!! after the latest earnings. The stock closed today at the H for the day with increasing volume. It was able to close above the double top at the 9 3/8 level (from the Hs on Dec. 6 & Dec.8) The stock has been on an up-trend on the 60 minutes chart since the up-gap on Jan.3 around 1.30PM, but on the daily chart the stock is not yet on an UPTREND and has not broken the down-trend coming from the Hs in July, Sept.& Oct. Caveat: I am long and planning to buy more. Bernard

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