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Strategies & Market Trends : Charts for Breakout
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To: PAUL THOMAS who wrote (2766)4/13/2002 10:24:36 AM
From: PAUL THOMAS  Read Replies (1) of 3506
 
jULIUS, NWRE continues to track an upward leg that has still more legs.The MACD chart suggests there may be another week or so before the current upward trend line breaks down.Since March 25th I am up a modest 5.5% but the downside risk is minimal as the April 24th conference call should support the long term trend line.As you know NWRE is up> 400% since it's first leg up in early December.We are now working on the 6th leg up since then.One important point to note is that NWRE has strong volume for a nasdaq small cap stock,There were 2 days last week with over 500,000 shares being traded.For anyone looking for a good day trading candidate they should check out NWRE.
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