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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI
CCSI 22.38-4.6%3:59 PM EST

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To: Dixie7777 who wrote ()11/29/1998 11:33:00 AM
From: Jeffrey L. Henken   of 5736
 
Technical Analysis Update on CCSI:

CCSI has made a nice move well above the 50 day moving average. The 200 day moving average is around $9 a share. Any further good news that might move the stock above this level could bring in even more buying by those devoted to T/A as an investment methodology. Check out the chart:

dailystocks.net

Moving Average Convergence/Divergence (MACD) indicates a BULLISH TREND
Chart pattern indicates a STRONG UPWARD TREND
Relative Strength is BULLISH
Up/Down volume pattern indicates that the stock is under ACCUMULATION
The 50 day MOVING AVERAGE is rising which is BULLISH
The 200 day MOVING AVERAGE is falling which is BEARISH
LOOK FOR SUPPORT AT 6.26

RECOMMENDATION (based on T/A alone) - STOCK IS A BUY

Regards, Jeff
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