Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (53547)	7/28/1999 3:46:00 PM
From: John Pitera	Respond to of 86076

Look at all this analysis on TSCN's wallstreetcity.com CLX opened on the latest trading day at 113.000 and was most currently trading at 125.750 on volume of 303,900 after having sold for as high as 114.062 and as low as 112.437. Volume can tell you a lot about how much interest is currently focused on a stock. The latest trading volume for CLX is 66% of its average daily volume, as calculated using the last thirty days of activity. Think of the moving average as a curving trendline. In this case, the stock appears to be in a bearish trend, as the price is significantly below the 200- day moving average. However some people consider this type of reading an indication of an oversold condition, and hence possibly ripe for opportunity. In the case of the 50-day moving average for this stock, the price line is modestly below its moving average, which gives this stock a fairly bearish outlook, depending on when the crossover from above to below the moving average line took place. Lastly, how about a look at how the price line compares to the 10-day moving average line for CLX? It suggests that, because it is slightly below the price line, in the extreme short-term it is in an downtrend as long as the line is declining. Therefore the stock is in a bearish trend. Remember that moving averages can help you determine if an existing trend is still in place and aid in confirming when a change in trend has occurred. The problem is that it will not let you know in advance that a change is about to happen. Conservative investors often want to see a stock price close above the 200-day moving average as reinforcement of a positive trend change before investing money in a stock. A combination of these averages is not a bad idea. If this is done, remember that the shorter time period moving average line should be above the longer one in order to represent a bullish stance. If you were to compare the price-to-earnings ratio of this company, which is currently at 43.9, with the most recent industry average reported by Market Guide, you would see that it looks slightly overvalued on that basis, as it is a bit higher. The short term technical indicators (such as moving averages, price, and volume criteria) reflect favorably upon this stock. Values of short-term technical indicators have recently shown no significant movement in either direction. According to indicators constructed from a variety of moving average and relative performance criteria, this stock has a good technical strength over the long term. Yet these technical scores have recently declined modestly, pointing to the possibility that the long term technical strength may not be as consistent as expected.