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: IsaacF1 who wrote (2390)	8/2/1998 3:07:00 PM
From: Cush	Read Replies (1) of 13094

Isaac: About RECY; as I asked Jim about TAVA, do you have specific indicators that are suggesting a buy to you? Notice the volume is over the 50 day MA. MACD? Stochastics; been hugging the 20 for a while. I would have expected the next level of support at about $3. with strong support about $2. Yahoo says 2 analysts have it as a strong buy; in Canada I've come to view analyst's (brokerage house affiliated) recommendations with some scepticism. Someone on the Yahoo boards suggests they may have experienced a weak quarter because of the GM strike (weaker demand for steel). Earnings due in about ten days. That said, it looks very interesting at this price. I'll be watching it this week. Thanks for the suggestion, Ray

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