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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (14844)4/18/1998 1:46:00 PM
From: Jeffrey L. Henken  Read Replies (1) of 79273
 
I was hoping you might be able to tell me what you think of ABMI. I am certainly no charting expert but I do think this .68 BB stock could be setting up for a very nice rise. Cup and handle? Big rise in volume since the beginning of March including two days over a million shares this week alone.

NorthStar is familiar with the company as well. Fundamentally the company has really been making great strides. I am hoping for more positive news from the company to help it break out from the new base it is forming above the 50 DMA.

I am not sure what charts you guys like to use but a simple check with this one might help you decide if it's worth your time to look further. Just type in ABMI of course.

investools.com

Finally if you are interested in checking on the fundamentals please read the thread here where I think you'll find as much fundamental information on American BioMed a company in the minimally invasive surgery area as anyone could stand to read:

Subject 19556

Thanks, Jeff
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