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: James Strauss who wrote (7441)	1/11/2001 12:50:21 AM
From: Jibacoa	Read Replies (1) of 13094

JIM: STEI: Although I don't like their line of business (too morbid),they have had a nice movement since Jan.4 as can be appreciated on the 60 minutes chart.Today the shares closed above the Dec and Nov. Hs and seem ready to test the Sept. double top at the 3 5/8 level. If it can close above last year's Jan H at 6 3/16 it would be breaking the long down-trend coming from the Apr.99 H at 20 3/4. The Apr.98 H was 29. The shares are selling at 0.22 of the reported book and the price/sales is 0.33 with a P/E of 3.6 Although as I said, I don't like their line of business, I am tempted to buy some when I look at their stock chart.And after all they say that you can't scape death & taxes. What do you think? Regards and good luck. Bernard

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