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Technology Stocks : SMSC Standard Microsystems
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To: robert b furman who wrote (332)4/1/2011 10:00:15 AM
From: robert b furman  Read Replies (1) of 335
 
Todays 50 day sma is at 24.4082 , yesterday it was at 24.4008.

This morning we have seen 2 large block trades in the forst 30 minutes of trade:
1) 24.60 - 5100 shares
2) 24.58 - 16700 shares.

These are signs of institutional money coming in.

Now that smsc is up over its 50 sma there is accumulation by institutions.

A strong sign to hold and await a run up to new highs - just as the indexes have done.

Bob
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