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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Joan Osland Graffius who wrote (35157)4/30/2002 8:32:16 PM
From: TechTrader42  Read Replies (2) of 52237
 
HGMCY has a P/E of 92.6, according to eSignal, and 82.65, according to Yahoo. When it hit upper resistance near 15, it was a sell, from a TA point of view. Lots of oscillators gave sell signals shortly after it hit that resistance level and pulled back. It has a couple of gaps to fill on the way down. There's strong support around 10.9, near the bottom of one gap, from April 10. There also appears to be support near 12.6, at the middle Bollinger band and 20-day MA.

The strong buy recommendation is unbelievable, given the price (in my opinion, that is).

The center of gravity oscillator hit the signal line Friday, and crossed Monday. Another sell signal.
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