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Technology Stocks : YURI ( YURI SYSTEM )
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To: Bull4Now who wrote (542)2/13/1998 1:53:00 AM
From: Ms. X  Read Replies (2) of 1181
 
Hi Bull4Now,

I've had my eye on Yuri for some time. Has held up well through the fray of the market especially for such a young company.

The sector is is great shape just reversing up from 34% oversold and rallying up to a current reading of 44%. This also generated a buy signal in the sector. Historically, this sector moves to the 60% area. Obviously, there is some upside potential left.

Yuri accordingly, has gained strength alongside this upward sector reversal.

Yuri just completed a bullish catapult, breaking its bearish resistance line at 25. This is bullish movement for the stock. Also, it has been creating higher bottoms clearly demonstrating demand is coming into the stock. The relative strength (how it compares to the rest of the market) weakened when the sector reversed down however it did not give a sell signal. The daily momentum is still negative and it will take a move to 39 to change to positive. The weekly momentum is positive while the monthly momentum is negative.

I wouldn't be surprised to see a pullback, perhaps to 22 and would consider this a buying opportunity. This not to say it isn't a buying opportunity now, just a better risk reward at 22.
Vertical count gives this stock a price objective of 36.

Stop of 19.5 for traders, a double bottom break. Can give room to 17 for long term investors.

All the best!

Jan
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