THQ,Inc. (THQI) Message Board

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Technology Stocks : THQ,Inc. (THQI)

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To: Brian MacDonald who wrote (3031)	1/14/1998 4:41:00 AM
From: Todd D. Wiener	Read Replies (1) of 14266

Quick 'n dirty TA on THQI: A few days ago, THQI broke its 25-day MA. That's not good, for the short-term. But today it bounced sharply off of its 50-day MA. The reason that the stock is having trouble breaking above the ~$20.50 area is that it is the underside of the 25-day MA (Is there really such thing as a "side" of a line, a unidimensional object? No! Only in TA.). If THQI fails to resurface above the 25-day MA, and it falls below the 50-day MA at ~$19.25, a short-term sell signal will triggered, with the next support level at $17, the 100-day MA. If it falls to $17, I'll buy back the piece that I sold at $23. Wednesday could be the day to break out above $21, hopefully. On the other hand, a pullback to the 100-day MA would give the ensuing rally to $30 more sustainability. Todd

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