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Technology Stocks : MRV Communications (MRVC) opinions?
MRVC 9.975-0.1%Aug 15 5:00 PM EST
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To: Dana Adams who wrote (5643)10/28/1997 4:35:00 AM
From: Mike Winn  Read Replies (2) of 42804
 
Dear Prince Dana, here is my TA for MRVC. As you can see, I am a good contributor to this thread, not some kind of parasite like you called me.

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Analysis of MRVC as of close 10/27/97

The rate of change of the exponentially smoothed average price suggests the start of an uptrend. The rate of change is positive and continuing to climb which indicates increasing strength.

The price has crossed and closed above the short term 18% exponentially smoothed average price. This indicates a continuation of the current price movement but it is subject to whipsaws. This is a weak bullish signal that could be followed by an upward movement price.

The upper Bollinger band is at 25 1/8, the lower Bollinger band is at 17 15/32. We broke through and closed above the upper band today.

The next resistance level for MRVC is at 28. If MRVC breaks through this resistance level, we will be looking at a major breakout.

If MRVC price falls back and closes below the upper Bollinger band, then prices will start to fall back near the 50 day moving average as it heads back to the lower Bollinger band.

However, the key focus right now should be to the upside. If we do break through 28 we could be well on our way to 40.

Tomorrow, the stock will either move up or move down, but it will definitely not stay in one place. This is an indication that this is not a dead stock and its heartbeat can still be felt.
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