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: James Strauss who wrote (1932)	6/8/1998 1:10:00 PM
From: Magnatizer	Read Replies (1) of 13094

Jim Maybe a short run but the long term technicals indicate it will take many days like today to get it through resistance with enough power to hold. BEAM is on weekly sell and that would need to change to a buy in order to be considered a good long candidate on a technical basis, IMO. I have resistance at 5.7188 long term downtrend, and 5.125, 5.25, 5.7813, 5.875, 6.50, 6.75, 7.125 which are all middle areas using the magnets and the value of 0. Therefore the magnets are at 2X those values. So, I feel, if 7.125 is taken out on good volume and strong technicals the next step up would be 10.25 or 2 times 5.125. ht david

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