Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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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 (9575)	8/30/2001 5:27:39 PM
From: Jibacoa	Read Replies (1) of 13094

<<SQNM needs to close above 9.00 to stay above the 13 day MA...>> Jim: SQNM has being on an steady down-trend since May 21, when the attempt at "recovery" that started on May 4 at the 12 level finished that day witn an intra-day H of 18.70 It had a good up-gap at the start of trading yesterday (It closed on Aug.28 at 8.30 on a slight up-tick from the 8.19 level on 15 min.volume of 16,100 )and at the start of trading yesterday it moved from 8.78 to 9.55 on a 15 min. volume of 31,100 Profit taking started early (on the second 15 min. of trading <g> ) when it made its intra-day H of 9.79 but it did not close the up-gap as it closed at 9 (still above the 8.78 opening) Today it made an intra-day double bottom (on the 15 min.chart <g>) at the 8.50 level (12.15&12.30PM)and volume picked up while moving to the up-side on the last hour of trading.(Albeit it had slight weakness in the last 15 minutes.<g>) I would buy it if it starts moving above the 9.40 level with increasing volume and with a stop loss at 9.31 and to sell if it fails to go over yesterday's intra-day H of 9.79 <g> siliconinvestor.com RAGL Bernard

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