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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Dub Brown who wrote (25324)2/18/1999 6:38:00 PM
From: Jenna  Read Replies (2) of 120523
 
KELL.. ODP
KELL.. I've seen this scenario before, until finally it breaks out completely KELL is bothersome at this point but I would not give up on KELL. KELL is an incredibly undervalued growth and value stock. With a growth rate going forward at 30% a year and value indicators give it a value of $38 a share.

KELL won't really have broken through resistance until it closes above 23 1/8 -23 1/4. Its technical chart is still not out of the woods I would just buy near or at the resistance level and hold hold for a position / short term trade from 2 weeks to 1 month or more. The intraday range can't be ignored nor can the nice increase in volume today at 1,135,700 from an average of about 136,000. Ultimately I think it will do well but its not acting like a stock that beat the street and was up 20% the first day before pulling back. .

ODP was on the list for over a week and was called on Tuesday on SI before the report today . did very well today, still bullish on ODP making it a good position trade.
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