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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (717)6/24/2004 10:48:13 AM
From: Jibacoa  Read Replies (1) of 1404
 
SLR Is having some resistance at the 6 level and may not be able to test the Apr.5 H at 6.18 before it closes the Jun.18 up-gap.<g>

The 3rd Q earnings/share were up 100% ($0.01 vs. loss of $3.24)and for the Yr. ending in Aug. the EE are $0.01 vs, loss of $3.49 in 2003. EE for 2005 are around $0.27 The revenues have shown sequential increases for the last 3Qs and should compare favorably to the Aug.2003 of 2778M in the coming Q.

It is probably best to wait for the up-gap to close before adding to positions. (From the 5.15 level to the Jan.20 H at 8.20 it would be a 59% run, not bad these days.<g>)

bigcharts.marketwatch.com

Bernard
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