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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: jbe who wrote (1973)10/11/1997 1:20:00 PM
From: sand wedge   of 95453
 
This is becoming a great place for info. I've been picking Mike S's brain for years so I appreciate the additional input. Here's some research regarding the stocks under discussion:

TDW

Moving Average Convergence/Devergence (MACD) indicates a BULLISH TREND
Chart pattern indicates a STRONG UPWARD TREND
Relative Strength is BULLISH
Up/Down volume pattern indicates that the stock is under ACCUMULATION
The 50 day MOVING AVERAGE is rising which is BULLISH
The 200 day MOVING AVERAGE is rising which is BULLISH
STOCK IS A BUY; OVERBOUGHT; WAIT FOR PULLBACK TO INITIATE NEW POSITION

GLM
Moving Average Convergence/Devergence (MACD) indicates a BULLISH TREND
Chart pattern indicates a STRONG UPWARD TREND
Relative Strength is BULLISH
Up/Down volume pattern indicates that the stock is under ACCUMULATION
The 50 day MOVING AVERAGE is rising which is BULLISH
The 200 day MOVING AVERAGE is rising which is BULLISH
LOOK FOR SUPPORT AT 34.50
STOCK IS A STRONG BUY

BHI
Moving Average Convergence/Devergence (MACD) indicates a BULLISH TREND
Chart pattern indicates a WEAK DOWNWARD TREND
Relative Strength is BULLISH
Up/Down volume pattern indicates that the stock is under ACCUMULATION
The 50 day MOVING AVERAGE is rising which is BULLISH
The 200 day MOVING AVERAGE is rising which is BULLISH
LOOK FOR SUPPORT AT 44.59
PRICE IS ABOVE RESISTANCE OF 46.06 WHICH IS BULLISH
Stochastics indicate stock is OVERBOUGHT
STOCK SHOWS MILDLY DETERIORATING CONDITIONS
IF YOU ARE LONG HOLD CURRENT POSITION; DO NOT INITIATE NEW POSITION

D
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