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Biotech / Medical : SNRS- Sunrise Technologies
SNRS 0.0000010000.0%Jun 6 11:01 AM EST

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To: CUBBY who wrote (985)5/25/1998 7:48:00 PM
From: HeyRainier  Read Replies (3) of 4140
 
Cubby, do you find it a bit concerning that SNRS's stock price closed below its upward trend line as of Friday's trading? The close also coincided with a downside breakout to a Wedge pattern. The stock is experiencing some distribution in the ~$9.00 range. At this stage, we will need a breakout above the $9.00 to keep the fuel running for SNRS.

The bottom Bollinger Band is at around $7.50. Speed/Resistance support is slightly below the current price, and the price is still in a short term downtrend.

Regards,

Rainier
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