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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: Bijan Khazri who wrote (2784)	9/13/1997 6:58:00 PM
From: Jason Loren Bauer	of 3325

I don't know much about TA, but I was wondering if one of the TA gurus on this thread would be so kind as to answer a question for me. I am currently holding a stock that over the last two to three days has shot up past its 50 day moving average and then by its 200 day moving average. The share price has increased from around 6/share to about 9.5/share. There was no news on this company (possibly rumore, not sure). The volume was nothing special (33,000) the first day when it went up about 1 7/8. Yesterday it went up another 7/8 on about 150,000 share traded as the buyers began to come in. The ticker is HMSC. My big question to you is...can the 50day and 200day Moving Average be considered support points for the share price?? Is there anything else TA can tell me from the data above?? I am attempting to understand the science of TA and any replies to ny questions would be greatly appreciated. Thanks.

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