SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CMGI What is the latest news on this stock?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Nick who wrote (409)4/17/1998 4:19:00 PM
From: D.J.Smyth  Read Replies (1) of 19700
 
although it's not spoken of much, institutions like to know where support levels are on stocks before committing more. there was a brief run above $90; obviously there is buying support for the stock. the drop again from $90 was on very low volume. oscillation shows the stock to continue to be under accumulation (i.e., more accumulation than selling). the charts on these internet stocks are hard to read though, but, on the daily oscillation there clearly is no topping as yet. there appears to be backing and filling but no serious selling. some ying (or possibly a yang) apparently dumped 20K shares at $94 3/4 just when i was thinking of buying more; there was some shorting at $95 relative to the tick line. the price movement of this issue almost appears pre-determined

stock watch (stkwtch.com) shows the following on the stock as of today:

COMMENT
Moving Average Convergence/Divergence (MACD) indicates a BULLISH TREND
Chart pattern indicates a STRONG UPWARD TREND
Relative Strength is BULLISH
Up/Down volume pattern indicates that the stock is under ACCUMULATION
The 50 day MOVING AVERAGE is rising which is BULLISH
The 200 day MOVING AVERAGE is rising which is BULLISH

RECOMMENDATION

STOCK IS A BUY
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News