Analytical Surveys (ANLT) computer maps Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Analytical Surveys (ANLT) computer maps

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TLWatson59 who wrote (972)	5/6/1999 7:55:00 AM
From: TLWatson59	Read Replies (1) of 1157

TA Update: The calm before the storm. Trading volume and volatility have both quieted down over the past few days leading to some interesting technical trading developments. The stock is now hovering just above its 50 day MA and right below its 10 day MA. Stochastics has retreated from an over bought area when the stock reached $27 and failed to follow through on the price break out. While not returning to an oversold condition it has come down to a level from which it can make an interesting upside move. The TSV has also moved down from a high level to mid level and if the stock can rally today or tomorrow is poised to cross over the 10 day moving average - a generally bullish signal for short term traders. The successful Technical Analyst does not anticipate which way the ball will bounce but reacts to the direction once it actually has shown the way. Since the stock could just as easily violate the 50 day moving average on the down side, fail to penetrate the TSV moving average positively and still has room for the Stochastic to continue down to an oversold level, the short term trader may want to forgo a point or two head start and take advantage of ANLT's history of positive performance once a down trend line has been broken. This would occur with a close above $26.50 on strong volume. While we did see an earlier close above $26 it was actually on a pull back from $27 and the volume left much to be desired. One must also keep in mind that the stock has violated its downtrend line and only the sideways movement and lack of volume of the last 3 days has kept the stock afloat. Historically this is not a stock that does not make decisive moves in both directions once a trend line has been violated. Another technically oriented poster on Yahoo observed correctly that there has developed a significant "reverse" head and shoulders formation over a three month period. An upside breakout from this formation should offer a serious challenge to the "supply zone" between $28.50 and $37 established during late December, 1998 and January and early February this year. Short term traders should be aware of the stock above waiting for a chance to get out even. It would seem that for the bears all systems are on hold until they can either add to their positions at higher levels or should a clear picture emerge that both cash-flow and earnings will continue positive and the size of any new contracts reflects a probability of higher quarterly growth performance. In any event both the longs and shorts are advised to stay on their toes. An aside - Where have all the flowers gone? I really don't enjoy talking to myself.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next