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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: BarbaraT who wrote (64681)	10/5/1999 4:19:00 PM
From: Jenna	Read Replies (3) \| Respond to of 120523

Two downtrodden to watch tomorrow: MNMD and ADRX.. both really spectacular companies. I'm not long either yet so I'm just hoping they move up. If there would not have been FOMC turmoil ADRX chart if you follow the ADX on both the daily and 15 minute chart its exploding trying to tell us something, but the -DX still too high, and these are just indications of a possible reversal. As long as ADRX stays well below both its 20 and 40 period MA and RSI is a shabby 29 1 point below 30 of yesterday.. not good. MNMD's chart a whole different picture.. recovery written all over (if it lasts) Barb was right a really nice close with DX crossover, rose above both the 20 and 40 period MA and very strong relative strength and perfect OBV. My choice would be MNMD in the morning. A short term buy signal was triggered at 75 1/2 ironically after the FOMC meeting. On the daily chart, of course, it did not rise above 20 or 40 period MA but 82 or so looks about right if you want to hold longer term. Stochastics look good.