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Technology Stocks : INVX Innovex Comdex Winner !!
INVX 22.05+0.2%Dec 26 9:30 AM EST

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To: Mark Oliver who wrote (1971)1/2/1998 8:15:00 AM
From: Box-By-The-Riviera™  Read Replies (1) of 3029
 
Hi Mark......gut feelings, even dreams, it can be argued, are derived from real knowledge.... and therefore are sometimes very accurate... re: the stock move on dec 31.... technically speaking, it was a great move watching it on a tick to tick basis. very strong positive flow. somewhat like the way it used to behave two years ago when the stock was discovered nearly all at once and did it's very profitable run... but of course that hasn't happened yet this time.... all things considered, fair value, if it were ever to receive it, would be about 28, on the low end, given the over all dd picture and the current eps forecast.

beyond that.... here's more stuff on it's TA..

Analysis of the rate of change of the exponentially smoothed average price suggests the start of an uptrend for this equity. The rate of change is positive and continuing to climb which indicates increasing strength. This is a bullish indicator for a continuation in this market.

The equity price has crossed and closed above the intermediate term 7% exponentially smoothed average price. This indicates a continuation of the current price movement and is considered a weak bullish signal which is sometimes followed by an upward movement in prices.

The equity 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 in the equity price.

The Price Phase Indicator is moving to the upside. This is a bullish continuation signal showing that an uptrend is in place and that prices are more likely to continue to the upside than they are to drop.

Regards for 1998.... Joel
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