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Microcap & Penny Stocks : lcav

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To: Harry W. Lowe who wrote (58)7/28/1997 4:49:00 PM
From: Harry W. Lowe   of 942
 
To All,

LCAV is in an upward price breakout with good volume. All Technical indicators are in buy/hold configuration. The projected price of $4.00 was met today, with the price high going to $4.125.

Price support is $3.375, and any pullback to that level should be used to buy this stock. The next upside projection is $5.25/sh., with a possible move to $6.00.

As long as upward price moves are accompanied by good volume, the positive trend should continue. One other positive factor is that the weekly chart MM indicators shows a confirmation of the postive price breakout.

Be carefull to establish a trailing stop loss to protect your gains.

Harry
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