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Technology Stocks : Oak Technology (OAKT) -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Jeff who wrote (4268)6/18/1999 8:48:00 AM
From: Cymeed  Read Replies (1) | Respond to of 4335
 
I believe yesterday's strength was because the 50-Day Moving Average just passed the 200-DMA, which was a very bullish sign. Record 1.5 million shares traded hands yesterday.

OAKT has been on a clear uptrend recently, making higher highs and higher lows. No doubt something is cooking under the dismaying surface. This company may be the kind who swings up and down every 3~5 years? Maybe we are at the beginning of a new up swing cycle. That's my gut feeling any way.

Good luck all.