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Strategies & Market Trends : InvestRight - Short Term Trading St

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To: rebecca who wrote (109)9/12/1998 2:48:00 PM
From: Jeffrey L. Henken  Read Replies (1) of 939
 
A bit of technical analysis on CCSI:

Moving Average Convergence/Divergence (MACD) indicates a BULLISH TREND
Chart pattern indicates a WEAK DOWNWARD TREND
Relative Strength is BULLISH
Up/Down volume pattern indicates that the stock is under ACCUMULATION
The 50 day MOVING AVERAGE is falling which is BEARISH
The 200 day MOVING AVERAGE is falling which is BEARISH
LOOK FOR SUPPORT AT 3.62
WATCH FOR RESISTANCE AT 4.81

If the stock can close above 5.56 it will be considered a buy by many of those who follow technical analysis alone. Presently the stock has a neutral rating and is not a buy candidate for either a long purchase or a new short position. Good thing we aren't just looking at the stock from a technical position.

InvestRight

Regards, Jeff

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