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

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To: jeffrey roberts who wrote (18508)11/13/1998 9:40:00 PM
From: Jenna  Read Replies (1) of 120523
 
XIRC.. one of my favorite stock this year. My short list for thursday/ friday did not include XIRC. Did you notice how the center line is practically pushed down on the floor. That's how strong the uptrend is. The MACD histogram was beginning to weaken but then started up again. The MACD has no where in the stratosphere left to go it's already through the ceiling. Yes, I would think by next week it could be an okay short. I would check to see how many indicators show overbought. Very strong companies like GPS, XIRC, even QLGC and VRTS have relatively short down cycles.

I do however think there are others with longer downtrends, even more overbought and with lessor fundamntals that should be first. POWI,AMCC, CREE,ANLT,USWB are a few others that you have to grab quickly. CREE was down a bit but made up more than twice that.. XIRC is another one that you have to catch really quickly.
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