Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: megazoo who wrote (9882)	11/17/1997 7:47:00 AM
From: Robert DeHaven	Read Replies (2) of 25960

SXB: I'll tell you first I am long CYMI and intend to hold long term. My only concerns are short term (under 3 months). Relative strength is a paltry 37..the commodity channel indicator is negative...the stock did break through its 7 day moving average (good)...but is still below all other longer moving averages....15d, 21d, 30d etc......Overall graph trend lines are negative...with only two points of the extremes tested..these are...on the high side 30.875 on 10/15 and 28.0625 on 10/24...on the low side 25.5 on 9/26 and 17 7/8 on 11/12..... Usually for an intemediate or long term trend to be broken the trend lines must show 4 tests to the extreme or a breakout of the trading channel. Lastly a final sales blowout and subsequent reversal is usually on very high volume is usually on the last three trading days volume has been 1.65 mill 11/12, 1.91 mill. 11/13, 1.70 mill 11/14 versus avg. daily volume of 1.74 mill. I hope I am wrong......but I am afraid I am not. Good luck, Bob

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