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Technology Stocks : PRI Automation (PRIA)

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To: Stu Bishop who wrote (523)11/13/1998 1:35:00 AM
From: Nelson Chang  Read Replies (1) of 1214
 
PRIA is heavily shorted. And as we are now headed out of the PC and automation down cycle, PRIA's gonna come to life.

The volume and breakout are VERY bullish. The short interest is very bullish. And the sector is very bullish.

The only thing I don't think is as bullish is the market because it looks like it's getting tired. Any pullback will be used to enter PRIA now.

$17 is now the maximum downside. If PRIA can break above today's high again tomorrow and close up, PRIA relative strength will start to turn into pure momentum.
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