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Strategies & Market Trends : Water! Water! Everywhere and Not a Drop To Drink!
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To: Wade who wrote (63)5/23/1999 10:37:00 PM
From: big guy  Read Replies (2) of 336
 
Hello Wade

Relative strength and on balance volume have been in a uptrend since the end of September. Momentum is positive, we've got a MACD buy signal and 20 day moving average just crossed over the 50 day moving average to the upside.

But in the mid to longer term it don't mean squat without some positive developments. The positive turn around in the stock's technicals and the lack of sellers seem to indicate that the majority of the current shareholder base still believe WLK is undervalued.

Hopfully the stock's technical improvement and price spike are precursors to a positive development that will soon be made public.

Wade have you ever thought of giving WLK its own home here on SI?

Best of Luck

Big Guy

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