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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 (10829)4/16/2002 1:32:46 PM
From: herry iball  Read Replies (1) of 13094
 
James, Could I get an opinion on EK?

I see it has tried to pierce the 20ema several times in the last few days, failed, and now the 200ema/sma are converging and acting as pretty big resistance.

It's down on a strong up day, but on low vol.
It may test that 10ema at 13.90, but I can't see what it portends beyond that.

Volume has been declining since that surge days ago. I see no news that would cause its weakness today.

Herry
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