lcav Message Board - Msg: 3677116

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Microcap & Penny Stocks : lcav

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To: Manny Gugliuzza who wrote (222)	3/11/1998 4:59:00 PM
From: Harry W. Lowe	Read Replies (1) of 942

AR, LCAV gave a buy signal on my short term momentum indicator, and consequently moved up to $1 11/32. This was the high and close for the day at a volume of 93,000 shares. The gain for the day was $0.125 or +10.26%. My charts and indicators show the next upward resistance at $1.625, and support at today's low $1 3/15; below that at $0.93. I think that we will see a test of the overhead resistance before any significant test of the lows is made. With the increased volume on today's move, we can expect continued strength in the issue until the upside test is made. The earnings statement for LCAV is due in March, and should show improvement on a quarterly basis and year to date. Thanks for you continued interest and support of the issue. Harry

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