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Technology Stocks : Stock Swap

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To: Big Brother who wrote (10464)1/2/1998 12:48:00 PM
From: Trader X  Read Replies (1) of 17305
 
re: INVX...And I thought I'd found you on the WWW.

INVX, a blast from the past!

I took a look at a 2 year chart
chart1.bigcharts.com:80/chart?time=9&freq=2&uf=32&lf=4&type=1&style=3&size=3&maval=10&state=0&compidx=aaaaa&symb=invx&ma=3&comp=&trans=0&r=chart&sid=2545&sec=c&xyz=225465281&s=25578

and it looks like it found support at the 52 week low set last Feb. near $18. Although the weekly MACD is moving up, I don't think the stock has bottomed out just yet. It should face resistence soon around $25, and has to work on getting the 50 day MA over the 100day MA. This is going to take some time I think. I'd use this rally to sell into, that way you can pick it up cheaper when it drops again. The high on this rally may only be $26-27, but that's too shabby vs. $19!

Happy New Year.
Kevin
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