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Strategies & Market Trends : The Rational Analyst

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To: HeyRainier who wrote (1088)6/8/1998 12:32:00 PM
From: Greg Butcher  Read Replies (2) of 1720
 
Rainier, If you don't mind would like to get your take on ADPT chart.

On friday the Stochastic Oscillator triggered a buy as well as the CCI and the MACAD was a sell as far back as 22 days this being a trailing indictor does not have me concerned

also the RSI is at 33 just coming into stable territory.

The pattern itself looks like the weak hands are out and the strong hands are ready to hold and buy more at this point.

Anything I missed that would throw the weight of the evidence to the bear side?

A LITTLE FA TO BOOT FROM CBS MKT WATCH...

.Business Summary
ADPT is a supplier of bandwidth management solutions that enhance total system performance by increasing the data transfer rates between personal computers, servers, peripherals & networks. For the 9 mos. ended 12/97, revenues rose 20% to $803.7M. Net income before acct. change rose from $60.7M to $158.5M. Revenues reflect higher shipments of host adapters & proprietary integrated circuits. Earnings reflect the absence of a $80.7M write-off of acquired R&D.

Thanks
Greg
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