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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: red_dog who wrote (57717)8/26/1999 1:52:00 AM
From: Jenna  Read Replies (3) | Respond to of 120523
 
CYBX, Yes broke every indicator in the book and about August 15 or 16 it triggered a buy signal. Volume has been considerably higher nearly every day. Of course, it looks overbought but as long as the indicators don't begin drooping or any divergences are apparent I'd hold.

In fact the RSI is at a 14 day high, and I would have expected at least one indicator to sag. But its been consolidating for over 8 weeks, it had to break out sometimes. And now is as good a time as any because of this rally. I still would exit when this particular trend ends, but you most assuredly know more about the company so beyond a technical opinion I can't say.