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Technology Stocks : Invision(INVN)going which way?
INVN 20.53-1.1%Nov 7 4:00 PM EST

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To: blebovits who wrote (349)12/5/2001 2:11:48 PM
From: Hawkmoon   of 558
 
Saw that... But I still say, "buy the rumour, sell the news", in this instance.

I'm not saying that INVN has reached it's ultimate high, merely that it's overextended and needs to take a breather short-term.

Daily stochastics are rolling over and MACD and the William% are both indicating a severely overbought condition.

Money flow is flat and tailoring off, indicating distribution is occurring.

stockcharts.com[m,a]daclyymy[dc][pb10!b50!d20,2!i][vc60][iUc20!La12,26,9]

Finally, if you draw a line along the upper peaks, you'll see we're at the top of the trading channel.

Hawk
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