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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 (9510)8/24/2001 1:58:06 PM
From: James Strauss  Read Replies (1) of 13094
 
LU... A Turnaround?
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Fundamentally, all the bad news is known about LU... Recently, there has been some good news...

1. Oversubscribed convertible securities offering... Investors have confidence in the viability of LU long term prospects...
2. Sale of optical plants...
3. Bank approval of restructuring plan... (They're not going out of business)...
4. Market leader in optics...

Technically, the stock has held support in the 6.00 area and is now starting to move up...
stockcharts.com[m,a]daclyymy[pc13!d20,2!i!a6][vc60][iLc20!La12,26,9!Lw25!Lk14!Lf!Ld20!Lg!Lp14,3,3]

Look for tests in the 8.00, 10.00, and 12.00 areas...

Jim
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