APCO Automobile Protection Company Message Board

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Non-Tech : APCO Automobile Protection Company

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To: Instock who wrote (64)	10/22/1997 3:10:00 PM
From: Doug R	Read Replies (3) of 3351

IN, You mean this? The DIS team, after Carole has called it to our attention, has come to the conclusion that APCO should receive a bit of research to be posted here. This has no bearing on our POW which is still firmly attitudinal. Call APCO a Pick On Wednesday...a random event that will likely occur from time to time. APCO, The Chart: A breakout from a cup formation on heavy volume occurred on Friday. Volume continues to be heavy which would indicate that the breakout is valid and a relatively fast increase in price will occur upon continuation. The range from the bottom of the cup added to the price at breakout is the typical forecasting technique used to project a price target. Using this method would place the target at 8 5/8 but since I try to remain conservative, I will round my target down to 8. The Technicals: The short-term stochastics momentum indicator is currently at levels indicating current strong potential for a significant move up. There is also exhibited an inverted head and shoulders pattern here that is well within reach of breaking out on any single day's move up in price. A breakout here would send the price up quite significantly in the very short-term. The intermediate term-SMI is well above the bullish threshold and rising. This rise should continue due to the strength in the shorter terms. The long-term SMI has just moved above a year long downtrend line and is advancing at a rapid pace. An 89 day MA/MLR crossover occurred in July and the MLR has begun a new move to pull farther away from the MA suggesting continuation of the breakout. The commodity channel index is above the +100 bullish threshold on all periods from 8 days and up. The 5 and 3 day CCI's have broken out of a IH&S pattern and are currently reloaded at just under +100. Moving average configuration is bullish and the MACD is well above the bullish threshold and rising. The 144 day relative strength index, after breaking out from an 18 month downtrend, is just now beginning a renewed move up from a retest of that breakout. This is a strong indication of the stock's potential especially when coupled with the price breakout and volume here. The 34 day RSI has , as of Monday, broken through a 6 1/2 year long line of resistance and is tending toward the range of overbought levels that many stocks need to attain in order to make a quick move well into alltime high prices. Long-term stochastics are into the bullish zone with the 144, 13, 8 stochastics in the midst of a positive crossover. This would suggest that the supply/demand dynamic is currently very much in favor of the demand side, ie, there is very little supply of the stock at the current price. The short-term stochastics are at this time fully reset and beginning the swing toward posive crossover also at bullish values. APCO is at this time just moving into alltime high territory and as such has very little upside resistance with all the momentum firmly in place as the breakout is in the early stages. This combination of factors tends to reduce downside potential while greatly enhancing potential reward. This take on the technical profile of APCO should not be construed as a recommendation to do anything but read it. Any decision to take financial action is the sole responsibility of the agent of such action. techstocks.com techstocks.com techstocks.com techstocks.com Do any of those already on this thread have anything to add that we may have missed? Doug R

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