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Strategies & Market Trends : Alpha Stock Pick Charts

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To: Tim Brustad who wrote (26)	2/19/1998 9:42:00 AM
From: Trader X	Read Replies (1) of 70

Tim, IDTI is making a nice run past what has been solid resistence at ~15 for the past 2 years now. Also, the volume is extremely heavy, making me wonder if there is some impending news that's forcing the price up. Earnings were good, but not THAT good. After this big gain recently, I'd watch for a pullback opportunity to buy. IDTI has gained 50% in just 5 weeks, it's due for a pullback now. As for a breakout, it should exceed 15 by a good margin to be convincing.

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