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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: yassinzineb who wrote (4893)	2/12/2005 8:26:02 AM
From: Vendit™	Read Replies (1) of 8752

Good morning yassinzineb, PVCT has one of the two necessary characteristics that would make it a good candidate to trade technically. Its chart history shows me that it has a nice saw tooth pattern so it meets the volatility requirement; however when I look at its daily volume and see that it only traded 78,930 shares yesterday and even 7,800 on February the 5th, the stock does not meet the volume requirements needed to make it a good technical trading stock. 139.142.147.218 Price and volume history: finance.yahoo.com Let’s assume for a minute that PVCT is technically reliable. I zoomed your chart back to a one year time frame and can see that the stock is extremely over-bought and will likely move back to the 70 cent area within the next two weeks. (based on the chart) 139.142.147.218 My above chart read has a low reliability rating because of the low volume factor stated above. Reid

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