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 : IMRS racking up y2k contracts.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: P. Ramamoorthy who wrote (2510)5/9/1998 11:08:00 AM
From: Les H  Read Replies (1) of 3162
 
I was referring to the moving average envelope that AIQ plots for each stock. IMRS broke below the lower trading band on Thursday and Friday crossed back above the band toward the moving average. I believe AIQ uses a 28-day mov avg for the moving average envelope (I normally use 21- and 30-day mov avgs for trendlines). All three moving averages are 32 at this point. Since IMRS fell from 42 to 25, a one-third retracement would indicate a target around 31.

I would expect the 200-day mov avg to be retested or broken. IMRS hit that area 4 times in October and November.

Some of the other Y2K computer stocks, like TSK, CHRZ, REGI, have already broken the 200-day mov avg. PGA had a similar bounce to IMRS this week.
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