Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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

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To: IsaacF1 who wrote (1612)	5/20/1998 6:30:00 PM
From: Raymond James Norris	Read Replies (1) of 13094

CADE will not dip below 3.75. There is substantial support there. Look at the previous trading and you should see a few things; A. The stock is making a "cup" as it has 3 times prior B. Its basing now as the Moving Averages Catch up C. There is low volume as the stock declines D. ADX has been very strong E. Stock is under accumulation F. Recent Fundamental news to support the TA I expect a base here at 3 7/8 before its ready to go back and hit new highs (within a few days, IMO). The stock is currently 21% above its 50 DMA. When that number is 15% or lower, the move should be about ready. Conservatively Yours, Raymond J. Norris

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