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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (512)2/16/2003 3:58:00 PM
From: Jibacoa  Read Replies (1) of 1404
 
ARRS Continues to act well since my December comments.<g>

Message 18355764

It was up 8.16% on Friday on volume of 566,993 ahead of its daily average.

It received an "upgrade" from HC Wainwright on Thursday. (That was after the one they had given ARRS the week before.<g>At that time an analyst at CSFB also raised the earnings estimate for ARRS in 2003 to a profit of $0.20/share from a previous estimate of a loss of $0.11/share.

As previously mentioned on my comments on January 14: "On a close above 5, the shares could test the resistance at 9, for more than a 100% gain from present levels."

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The stock closed Friday at 5.17 and seems ready to test its June 14 H at 7.

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Bernard
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