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Technology Stocks : CSGI ...READY FOR TAKE-OFF!
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To: H Patel who wrote (950)8/12/1997 1:08:00 AM
From: tech   of 3391
 
(off topic) H. Patel here is the analysis on the two stock you wanted.

BMCS - This is a little tough, because I am getting several conflicting indicators. It looks like a cycle bottom is forming and that we should see prices turn to the upside, however this is subject to whipsaws and we may bounce around between the 10day and 28day
ESA lines.

The stochastic indicator has fell below the 80% line last week and I would say that was the time to write a covered call. The indicator is at 58.96

We may see a little volatility, but I would like to see what happens tomorrow. If BMCS crosses the 10day ESA at 60 21/32 look for prices to continue upward. If we cross the 28day ESA at 59 1/32, look for prices to move to the downside.

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RMDY- The Money Flow Indicator has reversed itself and is now moving in an upward direction. This is a bullish reversal indication that money is moving into this equity. This type reversal is often followed by an upward movement in the equity price.

the rate of change of the exponentially smoothed average price suggests the start of an uptrend for this equity. The rate of change is positive and continuing to climb which indicates increasing strength. This is a bullish indicator for a continuation in this market.
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