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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 (9035)6/14/2001 7:51:32 PM
From: Jibacoa  Read Replies (2) of 13094
 
JIM:

BITS had a nice move of 17.88% today with the help of yesterday's deal with Samsung:

CAMBRIDGE, Mass. & SEOUL, Korea--(BUSINESS WIRE)--June 13, 2001-- Bitstream Inc. (NASDAQ: BITS - news) and Samsung Electronics Co., Ltd. announced today that Samsung has entered into a long-term, global agreement to license Font Fusion(TM), Bitstream's next generation font rasterizing engine. This new agreement allows Samsung to offer interactive and multimedia solutions to its worldwide customer base and in its entire product line.

It traded for a while (12.30PM) at 3.47 which is above its January 17-January 23 double-top of 3.37. It still has to close above its December 13 H of 3.50 and then as you said the 5 level <g>

I am not sure it will be able to do all that in this "market".<g> but I am keeping it on the "watch list".The 17.88% move is a good one now a days.<g>

RAGL

Bernard
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