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

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To: Dave Shares who wrote (5837)3/9/1998 10:34:00 PM
From: Jenna  Read Replies (1) of 120523
 
VVUS...beginning of a chart turnaround. The sector is tempting. Currently the MACD is bearish since it is trading below its signal line.The MACD crossed below its signal line 16 period(s) ago and VVUS has been down over 14% since then.

Good signals:

1)the RSI reaching its highest value in the last 14 trading sessions

2) Accumulation is higher and Money Flow Index is higher indicating money is flowing into VVUS.

3) Bollinger Bands are 59.11% narrower than normal. VVUS is currently experiencing very low volatility as compared to its normal range. Usually VVUS is a volatile stock, it can mean that volatility will increase and especially as delineated by the RSI reaching its highest value in the last 14 days.

4) CCI showed a buy signal as well.

To reiterate lastshadow, Metastock 6.5 did show a SAR signal generated today...I just looked. With all this, VVUS is still below all it's moving averages, but a reversal might be underway. VVUS looks to be a compelling long term play (3-4 months) as well, but I'm not in the market for long term plays with this market. I'm just a hit and run player, but I will put it into my watch list and follow in in next 4 trading sessions.
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