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Technology Stocks : SMTI: SMTEK International, Inc.
SMTI 21.62+10.2%Nov 14 9:30 AM EST

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To: chartseer who wrote (21)8/12/2001 12:37:57 PM
From: Bwe  Read Replies (1) of 420
 
The final clearance of the Quaker Oats acquisition is a very good fundamental event for PEP. As per your SBC fundamental comment, PEP is making all the right moves. Gatorade is no fad drink and if their salty snack division is any indication, PEP will increase market share and profitability.

I see a short term BRRL being broken in July and a new BLSL supporting the stock. I don't see the stock going back to $43 before it hits $46 and will therefore escape a High Pole. The stock can move to $49 before it runs into the BLRL and horizontal resistance. PEP also has a $59 po which should be respected.

RS vs the Dow is in a column of X's. RS chart vs the S&P 500 on a buy signal and in X column. Check out the chart.

stockcharts.com

SBC's chart trend looks great. That is a good break of the BRRL.

SBC's RS charts are a mixed bag. In a column of X's and on a sell signal vs SPX and in an O column on a buy vs the Dow. I bit more strength shown vs the Dow and a move into an X column would be bullish and add another piece to the bullish case for SBC.

As opposed to the shorter term investing tactics expressed in your excellent post, my view of p&f and RS charts tend to take a longer view. Any way you SLICE (a PEP product I believe) it, expected stock returns LAYS (g) with the vagaries of the market.

Bruce
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