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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: tech who wrote (4751)3/11/1998 2:59:00 AM
From: tech  Read Replies (3) of 10786
 
Technical Analysis of ALYD as of close 3/10

The 21 day high is at 19

The 21 day low is at 14 3/8 (which was achieved today)

The major resistance levels are at approx. 19 1/2 and at 14

The 49 day moving avg. is at 16 1/2

Overall, it looks like ALYD is nearing the bottom of its trading channel, currently between $14 and $19 1/2. One thing that is a little bothersome is that the OBV (on balance volume) has reached a six month low, while the stock is still above its prior low (approx. $11.00)

However, it looks like we should see the usual support at approx. 14

Buy Signal: The first clear signal would be triggered once the stock breaks through the 49 day moving avg. At that point I would buy some Apr. 17 1/2 calls. However, those who feel confident that the stock is near its low should buy them now.

Tomorrow ?: Based on the technicals, it doesn't look like anything major is happening.

A glance at the option activity is a little more interesting.
206.7.107.6

but most of the activity seems to be for the Apr. and May 15 calls

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