Market Gems-Trading Strong Earnings Growth and Momentum Message Board

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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Jenna who wrote (5740)	3/2/2001 7:19:50 PM
From: Jenna	of 6445

UTEK was not the only "overbought" short this week and we noticed that RCII, CHCS were making big moves to the downside as well. Today was a rally and UTEK rallied somewhat but closed once again near the lows. RCII we didn't capture that short on Thursday but we might get another move down on Monday. pristine.com pristine.com RCII rallied somewhat and closed around the middle rang of the session. If there is a continued move to the downside on Monday, I would expect overbought stocks like UTEK,CHCS, and RCII to continue to pull back on LARGE RANGE MOVES. CHCS closed in a doji today and is still above support of its 200 day moving average. CHCS reports next Wednesday and we might see continued moves to the downside on these.

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