RPC (former RPCX) on AMEX Message Board

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Non-Tech : RPC (former RPCX) on AMEX

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To: Chris who wrote (11)	6/14/1997 12:38:00 AM
From: ernie de la fuente	of 15

Hi, Looking at the graph looks like support in the low 8's and resistance near 10. The Bollinger Bands(BB) say support just below 8 and resistannce at 9 5/8. This thing looks like it bounces off the BB pretty consistantly. Since it is trading right in the middle, it is tough to say where this is headed. Looks like it needs more volume to get some gains going. I always factor in knowledge of the industry, trends... Since this seems to be somewhat dependant on defense contracts I would not be encouraged long term. With an upside of only 10 right now, I would stay away and try to buy if it heads below 8. Obviously this is all my opinion based on a quick look at some numbers. Someone who is more knowledgable of the company, insider buying or selling, better at T/A may have other ideas.

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