Aeroflex (ARX) Message Board

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Technology Stocks : Aeroflex (ARX)

ARX 12.62

+0.6%

Nov 12 3:59 PM EST

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To: MulhollandDrive who wrote (259)	9/26/1997 10:57:00 AM
From: Jeffery E. Forrest	of 586

I would expect a little pullback soon. I'm still looking for it to "take a breather". Nothing wrong except it's a little overextended. It's popped up above the top B-Band and RSI is very oversold (above 80) Same with stochastics. Above 80 and getting ready to crossover. Momentum also showing an oversold condition and a "slight" retreat due. Actually we could continue on in this oversold condition for a few more days and get a bit more on the upside before it pulls back. I wouldn't expect much of a pullback (Probably be more of a sideways consolidation than a pullback) and will be a buyer on any weakness. Someone earlier posted about pennant formations, etc. and called for a double or even a triple. I agree. I'm VERY bullish on this little jewel.

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