ATRO Astronics--Specialty keyboards, packaging. Message Board

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Non-Tech : ATRO Astronics--Specialty keyboards, packaging.

ATRO 48.72

-0.9%

Nov 3 3:59 PM EST

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To: Christopher Brainard who wrote (37)	2/28/1998 2:33:00 AM
From: Clifford Topel	Read Replies (1) of 92

Chris, Todays action looked good. Here's my take on it: I could only get 180 day chart, on that one this looks more like a 66% retracement. To me, it looks more like downtrend which may turn out to be carving out a nice base. $8 looks like real good support. Stochastics made a double bottom coinciding with $8 level and has been heading up last several days...good sign. Momentum and relative strength both up. I wouldn't be surprised to see another test of $8. That would be triple bottom..a very good, bullish sign. It could also break out here, Look to Monday/tuesday for any follow through. If I were to pull the trigger today, I would buy in at the open and place a mental stop at about 7 3/4 on a close. If it breaks below $8 on a close, the stocks going lower. At this point, I don't think so, but I learned that one can not outsmart the market. Just look at risk/reward. I think the reward is about 2:1 with that stop in place. Regards, Cliff P.S. Look at xltc...this one is basing nicely with some volume coming into it recently on up days. This stock looks like it wants to go higher.

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