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Technology Stocks : American Power Conversion

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To: w0z who wrote (1478)6/18/1997 7:01:00 PM
From: peter shi   of 2574
 
A Tecnical analysis on APCC:

I get mixed signals.
(1) Bollinger bands show it is in the trading range, with a possibility of going up and down both ways
(2) My stochastic indicator shows it will continue going down
after today's drop.
(3) My price oscilator shows it is just about to go up.
(4) It is right on 50d moving average line

TA can never be used by itself. It has to be
combined with FA and the the overall market. My guess is that it
will drop to $20 before it recovers. Reason:

(1) Fundamentals are good
(2) The huge inverted head-shoulder followed by low volumes trading,
which indicates forming a base.
(3) Current tech sectors are just in earning warning season.
Investors are cautious. People are waiting for
the first week of July after FED decides the interst rate.

If APCC drops below $20, I will sell.
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