Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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

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To: Mike who wrote (7838)	4/17/1998 2:29:00 PM
From: Jenna	Read Replies (2) of 120523

IDXX...Mike, Ifound support at around 17.50 and resistance at 19.35. The stochastics of IDXX were overbought but I knew 2 things: The COMPOSITE technical rank was excellent (I checked out that before) IDXX was projected to have a very good earnings report. 3 digit growth and the chart looked very strong So I knew I' would get in at around 18 1/2 if at all. If I weren't doing earnings plays that are really 'value plays' of sorts but rather just 'momentum plays' my criteria would be slightly different. I would not use this kind of timing but everything depends on how close the date is and where the chart is on the day or two days before earnings. It is the EARNINGS REPORT that jettisons the stock not any particular price. As long as it is not terribly OVERBOUGHT/OVERSOLD and I prefer it to be priced at 85% or more than it's 12 or 26 week high. I like a clear uptrend the day before report or the day it comes into play (could be a week before the report but average is about 1-3 days) either in the last few hours or preferrably throughout the day..

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