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Technology Stocks : Advanced Fibre (AFCI) ** IPO

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To: P314159d who wrote (1797)2/19/1999 12:29:00 AM
From: Douglas V. Fant  Read Replies (1) of 3299
 
P3, I just reviewed the calculus-related technical indicators for AFCI and note the following: the Fast (10) and Slow (9) Stochastics flash very oversold; the Power Rating (+67) and Wilder's RSI Rating and the OBOS % indicator all are flashing buy signals as of tonight.

The Bollinger Bands are in around the 44 level currently. Usually you have to compress bands into a rating of less than 20 to get a sharp price move on any stock in either direction....So I'd call the Bollinger bands reading neutral as of tonight. From a relative strength perspective AFCI is neutral; however accumulation of the stock appears to have commenced once again about two days ago..

From a chart perspective it looks like we are forming a series of ascending triangles....

Fundamentally CIEN released earnings and beat estimates- that should help the mid-cap telcomm equipment makers generally...

Sincerely,

DougF.
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