Safeguard Scientifics SFE Message Board

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Technology Stocks : Safeguard Scientifics SFE

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To: michael r potter who wrote (2762)	5/10/1999 9:30:00 PM
From: michael r potter	Read Replies (3) of 4467

After viewing todays action, have no hesitation in stating that todays mid-morning buy is confirmed. Buy re-iterated. Why? Same reasons listed this morning but even stronger with subsequent action. 1. Held 50 day M/A [tested twice]. 2. Broke a descending trend-line-now decisively 3. Hard to explain in words, but there are two lines on a stochastic, slow moving and fast moving. Fast moving crossed slow moving to the upside at the close-bullish [no- not as oversold as previous bottoms-neither # got to 20 but repeat, it doesn't always get there] and 4. Volume today better than it has been lately- combined with good price action. Mike

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