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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (231)3/30/1998 1:16:00 AM
From: rick strome  Read Replies (1) of 13094
 
It looks like the group did a good job at narrowing the original list down. Two picks that have been mentioned are CAND and HAUP. As previously mentioned they are at all their all time highs. CAND looks like a rolling stock at the top of its channel.
I am not an expert in TA, but I thought the purpose of this thread was to CHOOSE stocks as they crossed their 13 wk MA. We would then determine the best stocks to buy. Both these stocks crossed their MA in early Feb. Why has it taken so long to choose them and havn't they already made their move.
CAND crossed Ma at 5-3/4 appx in early Feb. - now at about 8
HAUP " " 5 " " " " " 9.5
I guess we can see how much they go up in the future to see if the theory "choosing stocks 1-1/2 months after they cross their 13 MA is a way to make money"
The above "1-1/2 mo." could be wrong if the data I got off my charts was wrong or I mis-interpreted the data.
Thanks, Rick Strome
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