IMRS racking up y2k contracts. Message Board

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Technology Stocks : IMRS racking up y2k contracts.

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To: giddy guru who wrote (2471)	5/1/1998 11:16:00 AM
From: John Carson	Read Replies (2) of 3162

Giddy, This analysis from this web site, conk.com, seems to confirm your analysis. IMRS as of close 4/30/98 21 day high: $42 5/32 21 day low: $27 1/8 49 day mov. avg.: $35 3/16 The rate of change of the average price suggests that a cycle bottom is forming for this equity. The rate of change is rising indicating that accumulation is now taking place. This is a bullish reversal indication that an uptrend may soon start. Based on both the RSI and Stochastic indicator, the stock has been oversold and is due for a reversal. Current support is at the 21 day low. Currently the stock is a strong buy. Look for prices to move back near the 49 day mov. avg. John Carson

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