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Strategies & Market Trends : Attitude Alphabet Project

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To: Doug R who wrote (74)5/31/1999 1:21:00 PM
From: Tim Warner  Read Replies (1) of 670
 
Doug & Thread,

Here are the N's.

NWK - Recent volume has been excellent. Friday marked a strong BO from year long down trend. Long term technicals are poor however, many IH&S in the intermediate techs and short term indicators are close to being maxed. If volume continues, I would look for another point to the upside.
Friday's close: $10 3/8. Avg Vol: 263,272. Float: 16.3MM

NWCA - Pass

NOW - Has moved from $2 to $4 w/ a BO over resistance at $3. Recent volume has been on the decline and several indicators showing H&S formations in over bought territory. Long term indicators in poor condition but have turned to the upside. Look for a re-test in the $3.5 area before moving towards $5 as next resistance.
Friday's close: $3 13/16 Avg. Vol 31,409. Float:6.4MM

NWST - Past Thu and Fri mark the beginning of an upward move out of a nicely formed ascending triangle w/ Fri's volume 2x average. Nice multi-plex formation. Technicals look very good for continuation up. Temporal clearance targeting something for Tue or Wed. PVI x-over NVI in Feb of this year. 233dRSI highest value in 2.5 years at 50.5. All MA's in excellent shape. Monthly volume is supportive for a MIM.
Friday's close: $2 7/32. Avg. Vol: 108,909. Float 4.9MM

NATI - Fiday's close was 1/16th from all-time high of $38 1/8 on above average volume. Technicals are very supportive of setting new all-time high this week.
Friday's close: $38 1/16 (day high). Avg. Vol: 159,360. Float 13.9MM

I'd go with NATI, NWST & NWK for this week.

Tim
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