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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 (1969)6/11/1998 10:43:00 AM
From: Magnatizer  Read Replies (1) of 13094
 
thread

TA read on a couple of the upper 13s

MACR long term strong. short term strong very near overbought. coming into heavy magnet area which will give it volatility for a while. magnets at 15.75, 16.625, 17.375, 17.625, 18.25, 18.50 weak, 18.75, 19 weak, 22...

EAGL long term strong. short term has IHS break outs all over the place. Looks very good for a short term run BUT there are many magnets below which need to be retested. A good short term play possibility, not a good long. Magnets: 14, 14.50, 15.00, 15.25, 16.25, 17, 19.50

RAYS long term strong but MFI 89 is flat/down showing divergence and possible weakness coming. short term has many IHS formations which could give a great 1-2 day pop if broken out. Possible MIMBO but I did not score it yet.

IMO of course, consult a financial planner and do your own DD prior to making any investment decision. the above TA reads are my opinion only and not intended as investment advise

ht
david
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