New Era of Networks (NEON) Message Board

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Technology Stocks : New Era of Networks (NEON)

NEON 2.055

-0.7%

2:40 PM EST

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To: jbershad who wrote (456)	5/8/1999 3:08:00 PM
From: joshi	Read Replies (1) of 1222

JB, if you look at the bottom of the chart, there was a crossover(see the green up arrow)Usually MACD crossover occurs before a significant move up. This of coarse is no guaranteed way to determine a trend reversal but it is a good indicator. The downtrend has been broken and the 200 Day MA has held. I consider this bullish and would buy my entry shares(about 40% of the total shares you will consider buying.) If you have confirmation of the uptrend by another day of upward movement on higher than normal volume then buy the remaining 60%. If it drops, u can sell the 40% bought(at a loss possibly) or for a small gain. Good luck

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