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Technology Stocks : SEEC (Symbol SEEC)

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To: Tony who wrote (32)8/15/1997 6:41:00 AM
From: tech   of 95
 
Analysis of SEEC as of close 8/14

The rate of change of the exponentially smoothed average price suggests the start of a downtrend for this equity. The rate of change is negative and continuing to decrease which indicates increasing downward force. This is a bearish indication for a continuation of this move.

The equity price has crossed and closed below the intermediate term 7% exponentially smoothed average price. This indicates a continuation of the current price movement and is considered a weak bearish signal which is sometimes followed by a downward movement in prices.

The equity price has crossed and closed below the long term 4% exponentially smoothed average price. This indicates a continuation of the current price movement and is considered a bearish signal which is sometimes followed by a downward movement in the price of the equity.

The Price Phase Indicator is moving to the downside. This is a bearish continuation signal showing that a downtrend is in place and that prices are more likely to continue to the downside than they are to reverse and begin an upward movement.

The Stochastic indicator is at 28.79 and falling. This is a bearish signal as it approaches the 20% line.

The price has broken through the 9day, 14day and 21day Moving Averages.

9day = 20 7/8

14day = 19 3/4

21day = 19 1/8

The money flow RSI is at 64.23 and is in a downtrend. This is bearish signal as it also approaches the 20% line.

The lower Bollinger band is at 14 25/32, however the 21 day low is at
16 3/8 and we should meet strong support there.

The lower moving avg. line is at 17 7/32. If we break through this line look for prices to near the 21 day low and bounce back.

If we cross back across any one of the 9day, 14day or 21day moving averages, it could signal the beginning of a bullish trend reversal.
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