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Technology Stocks : Ampex Corp: Digital Storage
AMPX 11.98+3.4%3:59 PM EST
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To: majander who wrote (1328)1/20/1997 9:37:00 AM
From: HPilot   of 3256
 
I use TA and have other accumulation-distribution indicators and almost all of them confirm your analysis. I have several systems which generate buy sell signals for AXC and all are in AXC with a nice profit. None are giving sell or buy signals (except stop losses and trailing stops which are in the 7-8 range). The chart is at a critical area right now. It passed below the 50 day average Friday. This is supposed to be a bearish sign but I haven's seen this to be a very accurate sign. Many times stocks rebound after going below this average.
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