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Non-Tech : InvestRight Club Challenge

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To: mike.com who wrote (908)	3/17/1999 8:24:00 PM
From: Jeffrey L. Henken	Read Replies (3) of 2662

Now Mike remember when we had that discussion about IATV potentially falling into a buy range at $6 a share? You said no way and I said yes way.... Well here it is screaming buy but it did violate the sell/stop set on the stock yesterday very briefly this morning at 5.82. Here is what my technical analysis service said about IATV last night: Moving Average Convergence/Divergence (MACD) indicates a BULLISH TREND Chart pattern indicates a STRONG UPWARD TREND Relative Strength is BULLISH Up/Down volume pattern indicates that the stock is under ACCUMULATION The 50 day MOVING AVERAGE is rising which is BULLISH The 200 day MOVING AVERAGE is rising which is BULLISH WATCH FOR RESISTANCE AT 6.75 RECOMMENDATION STOCK IS A STRONG BUY I'll check later tonight to see if that recommendation has changed. Regards, Jeff

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