Individual, Inc. (NEWZ) - Any thoughts? Message Board

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Technology Stocks : Individual, Inc. (NEWZ) - Any thoughts?

NEWZ 28.33

-1.0%

Nov 4 1:00 PM EST

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To: Pullin-GS who wrote (910)	12/23/1997 9:23:00 PM
From: Pullin-GS	Read Replies (2) of 1004

Here is my read on INDV (ignoring the DTOP factor). On Friday's close INDV finnished up the week with a bearish harami pattern(Reverse of an engulfing pattern...Friday's black body was enclosed by Thursday's oposite, white body) signifing a reversal. The reversal was verified on Monday with an opening lower than Friday's close, with Monday closing as another black candle. Tuesday brought us a black shooting star, which is a weak reversal indicator by itself. None-the-less it does signify a possible short-term turning point in this latest downtrend. Since late October, INDV has not been able to break out of the lower bollinger envolope (21EMA). The day's trading ranges have touched the 21 DMA several times only to fall below it until the trading range bounces off the lower bollinger envolope, just to cycle back. We have yet to trade above the 21EMA, much less break out for some time now. Unfortunatly this kind of trading pattern is not healthy and it signifies a downtrend. Buyers see this and avoid INDV like the plague as to not fall victem to the falling knife. The trend is your freind. The 50DMA is currently at 3.88 (and dropping). This verifies our downtrend. It may catch the price of INDV some time, but it would be much better for INDV technicals if we could some day close above it. The 21 and 50 DMA are two of the most frequently used moving averages by professional traders. These must be used in order to see what others perceive. Never attempt to find a moving average that suits your needs (chart fitting). That is the quickest way to lose capital before a trader is aware that their stock is just paper. Find a moving average for your stock and stick with it. RSI currently around 38....nothing worth mentioning here. ADX has fallen below +DI. This is bearish, for just 2 days ago ADX> +DI > -DI (what one would want). MACD Histogram is positive, but trending down. No recent Oscilator divergences. Ultimate Oscilator is trending with INDV close. (nuetral) RSI is trending with INDV close. (nuetral) Volume has been right on the 21 day volume average for past several days.(nuetral) Stochastics in middle of range trending with price.(nuetral)

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