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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: The Perfect Hedge who wrote (5245)2/9/1998 11:25:00 PM
From: Jenna  Read Replies (1) of 120523
 
EVI...Price and volume are diverging... volume increasing and price not going anywhere. EVI could be getting ready for a move again. The RSI has reached its highest value in the past 14 sessions. MACD crossed above the signal line 7 sessions ago and the price has increased but I don't think it's topped. I'm still holding EVI so far since Wednesday. I think EVI is a very good example of the integration of fundamental and technical analysis. It's high EPS growth puts it in the top 10% of stocks and the top 10% of stocks for next year's growth...STOCK broke DOUBLE TOP (Bullish) Point & Figure Chart Formation Last Week according to technifilter. The Linear regression slope is interesting in this chart.. It's sloping higher and that could mean the upward trend is strengthening. It's finally broken above its 30 day moving average and this all means that EVI can climb still higher as a serious trend reversal sets in.

FGII will be reporting on Thursday as will FLC... This might propel the sector even higher. I'm holding through tomorrow unless trend in the oil sector begins to topple..
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