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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (444)11/19/2002 6:36:39 PM
From: Jibacoa  Read Replies (1) of 1404
 
A Had a good move today,up 22.06% on volume of 10.465M (about 3.65x its daily average) after it announced after market's close yesterday that it broke even in the 4thQ on revenue of $1.74 B. (the analysts were estimating a $0.12 loss on revenue of $1.55 B.)

The stock managed to close above its November 4 H of $15.65 and the September 11 H of $16.08 (It still has to deal with the August 19 H at $17.65)

The insiders and institutions have been doing a fair amount of buying. There is a $4.51 cash/share and the short position around 14M (there may have been some short covering today.<g>)

The OBV increased nicely on its 15 minutes chart.<g>

siliconinvestor.com

The OBV is still low on its daily chart.<g>

siliconinvestor.com

From a longer term view, the stock looks OK, but needs to hold the $16 level.<g>

siliconinvestor.com

The PSML data on A today: 16.60 14.70 14.09 & 14.09

Bernard
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