Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Jay Hartzok who wrote (2931)	11/23/1997 9:28:00 PM
From: TATRADER	Read Replies (1) of 7396

Jay, EATS....Would stay away from it.... I have it pegged right now in a trading range from 5.09 on the upside to 4.35 on the downside....Yes the stock has been trending upward.... But I calculate from the past about 1.5 million shares of overhead in the 5.00-5.37 area....The present level of volume does not suggest the power necessary to penetrate and hold above these levels....My Ultimate Oscillator and RSI are showing a lower peak on this rally than the last attempt to pierce 5 and hold....Friday, the stock had a lower low, not a higher low, which makes me suspicious....My take is we may move a bit higher, but then pullback below 5 and EATS goes back to the diner as a trading range stock until volume levels increase....Regards, Mark P.S. Your profit takers came in on PZZI at 5.87......I say the stock moves back and tests 5.00....Report back next week and let me know how I do on these predictions....

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