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Non-Tech : APCO Automobile Protection Company
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To: Magnatizer who wrote (2097)5/7/1998 2:13:00 PM
From: Froman  Read Replies (1) of 3351
 
David,

I decided to brush the dust off the chart software and noted that APCO's 40 dma is roughly about where you stated this ACT is (around $12 +/-). The 5 dma crossed below the 13 dma several days ago, which could have been construed as a short term sell signal. I would expect a bounce off of the 40 dma which, like you stated, should occur sometime in the next couple of days. A break below the 40 dma would definitely be a sell signal as this would indicate a total breakdown, but I don't expect this to occur. How's that for a stab at TA? :-)

Fro
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