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Gold/Mining/Energy : Mercury Scheduling Systems Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Far Side who wrote (301)6/13/1999 12:19:00 PM
From: Kevin Hamlin  Read Replies (2) | Respond to of 437
 
Outside of liking the company and the advances they've made, I'm quite happy right now with the technical indicators I'm using right now showing MRY as a buy.

1) The short term moving averages that I use are about to be crossed positively.

2) Medium term MACD looks excellent. It just crossed over to the buy side.

3) Slow stochastics (often a good forward looking indicator) has also turned up very nicely after showing MRY being strongly oversold.

4) After selling off the past couple of weeks (which I still think was silly, but I'll take it!), the volume has really dried up, except for those crosses that went through on Thursday.

You have to be careful using these t.a. indicators on something that is (currently) trading pretty low volume, but even with that taken into consideration, I do like what I see.

Very happy and holding now after accumulating for the past week!!

Cheers!

Kevin