Key Energy, Pool Energy Message Board

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Technology Stocks : Key Energy, Pool Energy

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To: Flan who wrote (9)	7/13/1997 9:01:00 PM
From: Rick Slemmer	of 36

Flan: I'm back. Ready? Something's up at KEG. Lehman Brothers just started coverage with a BUY recommendation and a $30 target. Today's gap up concerns me a little, especially since the close was at the low end of the day's range. It may just be an attempt at gap-closing; we'll have to wait and see how good support is at 19. I expect a minor sell-off tomorrow to fill the gap and test that level. We have excellent and well-defined support at 17 if things get really bad. OBV is at an all-time high, relative strength is great at +.30, and there's a couple of points inside the bands to move up. Those are bullish. I use a proprietary Accumulation Index to spot insider activity; its moving average is on the decline, which is normal from time to time. If the Index crosses its MA and moves up, the stock almost always starts another multi-point advance. I called KEG the other day; Investor Relations tells me they will announce earnings after the close on August 15th. I'm not selling yet. RS

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