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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: Shanker Reddy who wrote (10160)	7/12/1999 12:13:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 59879

Stock Pick of Week: VRTL-Buy area is 2 1/2-2 2 25/32 Do not pay any more than 2.78 for it...Hold period 6 months... Initial pattern is 1.25-2.50-First target is 3.75.... Stock has had an expansion breakout and 50 day expansion pivot on 7/7/99. It has not taken out the low on the breakout day of 2.50, showing strength. The breakaway gap(like in MCOM) looks like it will not be filled..Remember, many times breakaway gaps are not filled, better chance on continuation gap to be filled...Now we have moved into an extended level boomer on this one. Two days of lower highs, and two days of higher lows or equal to previous day low. For the momo play, you could wait on this one for takeout of 3.21 on bid for confirmation of move to 3.75.. 200 day moving average=1.83 100 day moving average=1.72 50 day moving average=1.85 21 day moving average=1.93 +d1 at 37 with -d1 at 8....ADX sitting at 26 Simple stochastic is still not overheated, reading at 76.711 I am now long at top of buy area, 2 25/32=2.78...Wouldn't pay a dime more...Regards, Mark Out of VIAS for 1/2...Holding SIII, still think she has juice.. Ready to buy PAGE...