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Technology Stocks : Individual, Inc. (NEWZ) - Any thoughts?

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To: Ashley Campbell who wrote (378)10/10/1997 2:46:00 PM
From: Jonathan Brown   of 1004
 
Re moving averages: users.tuna.net

I'm hardly an expert, but the chart's message looks mixed. INDV is pretty clearly in a downtrend, which isn't so hot. On the other hand, it's looking oversold, which, should good news arrive, may translate into a run-up. Before earnings let's hope we don't penetrate 4 3/4 support, since after that it's a big gap downward whispering "Fill me!" But I doubt we'll see that. On a technical basis (again, I'm new to this), it looks like we're accumulating. A close back in the 5 1/2 range would be real nice.

Please add to or correct the analysis (assuming the chart shows up on my site; I tested it, and it came up okay).

Good luck,

Jon
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