SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : International Rectifier (IRF)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lusheng Yan who started this subject4/15/2002 4:16:14 PM
From: Morris Catt   of 1712
 
IRF closed @ $47.04 with an intraday high of $47.50 – both of these are new recovery highs. (post 6/15/2001)
From IRF daily chart note Bollinger Band sharp squeeze-down or narrowing starting around 4/1/02. A narrowing of BBs is a strong signal to look for a near term breakout or breakdown. A breakout seems to be occurring now as the price has broken the upper BB and that breakout is confirmed by rising OBV. RSI is about 62 leaving room for further advance, IMO. Current upper Bollinger Band is about 46.42. On P&F chart IRF is on a triple-top breakout alert.
With overall market weakness and very low market volumes today further IRF breakout may be held up for a few more days. All IMO.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext