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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (21790)12/6/1998 12:57:00 PM
From: James Strauss  Read Replies (1) of 50167
 
Ike:

A good chart pattern for turnaround stocks with good upside potential has an upside breakthrough of a downtrending trendline...

IOM is an example of this:

iqc.com

Also note that MACD just turned positive and CCI is at the low end of its range... A review of the chart shows room to move to the 14.00 to 16.00 range... Fundamentally, CPQ is now advertising that they have Iomega Zip drives in their computer...

So, finding the right chart pattern plus a good and improving fundamental story makes a good combination for upward price movement probability...

Jim
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