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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jack of All Trades who wrote (11370)7/13/1998 9:55:00 PM
From: LastShadow  Read Replies (1) of 120523
 
PTUS

Nice chart. I was a little concerned with the action a few days ago. the number of trades are there, but the volume is down on the average trade (no large buys). I would set a buy stop at 5.75. They might go after it like the spike today, but in general, if this one starts to move it looks like it will go fast. The upside of the buying pattern is that it looks like a lot of day traders are picking up shares for a surge, so you might want to be quick on the sell trigger if you do enter, and then rebuy after the selloff as it has a lot of upside potential here.

ls
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