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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 (7933)2/16/2001 10:37:47 PM
From: Jibacoa  Read Replies (1) of 13094
 
JIM:

ITX: Although its average volume for the previous 10 days had been around 24K, today had an up-volume of 142,300

It seems has bottomed out at the 4.40 level.It needs to close above the Jan.4 H at 4.87, if it can do that it seems it will break the long downtrend coming from the May 99 H at 17.25 It sells around 0.4 of book and 0.10 of sales.

Insiders hold 56% and institutions (which reportedly have done some selling lately) around 48% (110% of float)It has a 3% short ratio.

It gave a buy signal on the 60 min. chart at the close of trading yesterday and it opened on an up-gap today, but the heaviest volume was around 10.30AM.

I haven't bought because of the market's condition, but am keeping a close watch. What do you think ?

RAGL

Bernard
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