IFMX - Investment Discussion Message Board

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Technology Stocks : IFMX - Investment Discussion

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To: M. Charles Swope who wrote (12407)	12/2/1998 6:59:00 PM
From: view	Read Replies (2) of 14631

I am not the chart expert but here are my observations: 1- the stock came down near the 50day moving average and bounced off (bullish sign) 2- The volume was almost 3X of normal, which is bullish 3- The 50 day moving average is trending up (very bullish) 4- The 200-day moving average is flat (neutral) 5- very little Put option activity (unlike the last 3 months) 6- the call option is starting to pick up momentum Things could get very bullish, if we close above $6.5, and the next step is when the 50day moving averahe crosses the 200day moving average. Overall bullish short term signs. I think I will take advantage of it.

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