To All;
Checking the most recent charts for last week, both short term and long term. SEG began the week sitting on its 180 day SMA, which intersected with its 60 day SMA last week and then finished the week at 32, right on its 120 SMA. These averages are very important to SEG because checking back several years, the 180 day always formed the bottom support line for SEG and the 120 day has stayed level since Sept 97 and hasn't moved. SEG has stayed below and has not touched its 120 SMA since Sept 96. Obviously, if can stay above these two long term averages it bodes well for the stock.
I am not sure exactly, what this means for future pricing of the stock but I know that the insiders (specialist, floor traders, brokerage houses, mutual fund managers, etc.) are aware of it too. We are at a critical point here. Staying above these averages puts the stock in a bull mode. What this stock does with, regard to these two, long term averages,from here on out, will affect my future investment decisions.
PHOTOMAN |
