To All,
'LCAV' broke out to the upside with good volume today. Up $3/8 (12.0%) on 69,100 shares. All momentum (MM) indicators are in a buy/hold configuration. Stochastic and RSI are signaled a buy. The first upside price projection is $3.75 and then $4.00/sh. The ultimate upside move to $6.00 is possible before much resistance can be encountered.
Will continue to give TA analysis, and advise thread of potential price moves. Be advised that I will be out of town from August 2 thru August 10, and will not be monitoring this stock.
Also it should be noted that I am not a licenced broker or investment advisor. The analysis given on the post and other related posts are the opinion of this writer. No guarantees of price performance is given or implied.
Also given on this post is the following news release from LCA-Vision dated July 23, 1997. This is quite similar to another news item released on the same date (next previous post this thread).
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LCA-Vision To Acquire All The Stock Of Summit Technology's RCII
Subsidiary
CINCINNATI (July 23) BUSINESS WIRE -July 23--LCA-Vision Inc.
(NASDAQ:LCAV), a leading competitor in the fast-growing refractive
laser vision correction sector, today agreed to acquire all of the
outstanding stock of Summit Technology, Inc.'s (NASDAQ:BEAM) Refractive Centers International, Inc. (RCII) subsidiary in exchange for 17 million shares of LCA-Vision common stock.
The agreement provides that RCII will have a cash balance of $10
million at closing. It is also subject to regulatory approval under
the terms of the Hart Scott Rodino Act.
When the deal is completed, LCA-Vision will have a total of 43 laser
vision correction locations in the U.S., Canada, and Europe including
l9 free-standing centers formerly owned and operated by RCII and six
additional "centers of excellence" located at prestigious university
medical centers/hospitals.
--30--mem/ny*
CONTACT: Dr. Stephen Joffe, CEO
LCA-Vision Inc.
(513) 792-9292
Joel Pomerantz
The Dilenschneider Group
(212) 922-0900
KEYWORD: OHIO
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED MERGERS/ACQ Today's News
On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
--END OF NEWS RELEASE--
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To any investors reading this post, please give me your questions or comments to the foregoing analysis.
Harry |
