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Strategies & Market Trends : Point and Figure Charting

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To: Ben Antanaitis who wrote (11030)	12/6/1998 2:30:00 PM
From: Bwe	Read Replies (2) of 34816

TLAB is a recent Zacks Investment Research recommendation and a stock with an interesting chart. The BRL from the July $93 high is currently being challenged at $60. The RS chart turned up in November and $61 would indicate a spread double top buy signal and, more importantly, would break the Bearish Resistance Line. TLAB just broke out bullishly from a Triangle formation at $57 with a buy signal. At the current chart notation of $60, TLAB has major resistance from the BRL and a Bullish Resistance Line. A revised BSL is at $55, a STUL is at $56, and the official BSL is at $45. A Bullish Resistance Line would provide an obstacle at $68 The bullish po is $80. TLAB has very bullish earnings prospects with FY98 expected to rise 41% year over year to $1.91 from $1.35. FY99 is expected to come in at $2.36, a 24% increase. Zacks chooses stocks based on rising eps estimates with reasonable valuations a primary consideration. I would expect estimates for TLAB to rise over the coming months. Like LU, TLAB is a stock that is trading substantially below it's highs (55%) and an impending BRL break makes TLAB a stock worth watching. All IMHO, Bruce

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