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Gold/Mining/Energy : Nabors Industries(NBR)
NBR 53.10+2.6%2:31 PM EST

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To: Jim Lou who wrote (89)5/14/1998 1:39:00 PM
From: unregmarket  Read Replies (1) of 174
 
Jim:

I think that you have outlined a logical scenario, but NBR is strong domestically, too, and should benefit accordingly. The chart shown below can be modified to show the price versus moving averages, and we should be at a point when we'll cross over the 200-day moving average or bounce off of it to the downside. Either way, we'll know at that point which way NBR is likely to go in the short-to-intermediate term (between 20 days to 60 days).

Rick M.
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