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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Eric Maggard who wrote (1484)5/13/1998 6:54:00 PM
From: Magnatizer  Read Replies (1) of 13094
 
Eric

DBCC read

Long term indicators are getting strong very quickly. Short term stuff is already strong. Heavy overhead at 8.06 which may take a bit to conquer. Magnets at 8.50, 8.75, 9.75, 10.00 (very strong), 10.25, 11.75.

I see DBCC getting through 8.06 in the next 2-3 trading days then getting to 8.75 area and basing for a couple of weeks before running at 10.00 where it will sit for a while. This, of course, is without a market correction to throw it off course. Also there are many levels of horizontal overhead resistance. Which is basically saying that many are still holding this stock at a loss and will sell at break even once it gets there. If you follow stochastics a 13,8,8 and a 4,3,2 would give good trading buys and sell points for this type of stock

ht
david
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