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Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?


To: Nick Brown who wrote (11756)10/9/1999 6:54:00 AM
From: dweb  Read Replies (3) | Respond to of 14266
 
from microcap1000.com. don't know if this has been posted. i've been gone a week and just getting up to speed on board.

Stock of the Hour Oct 8 1999 9:31AM CST
Archives...

THQ Incorporated Pushing the Top

by Theo Spradlin

THQ Incorporated (THQI) reached a new fifty-two week high yesterday at $45 but found resistance at that height and closed significantly off that mark. The stock showed a positive opening gap this morning and moved to the top of current range around $44. THQI is building upward momentum as it finds resistance just below $45. Once the overhead supply is exhausted, the stock should run to previous resistance at $50. THQI shows to be strong in its current range with support at $42 1/2. The stock has consolidated off its previous fifty-two week high at $44 13/16 for the last twelve trading days. Yesterday's pop is
indication of impending momentum for the stock. As THQI fell to resistance at its new high, it found support at its closing price of $43 1/16, which is a higher low than the previous day, a sign of strength.

6 Month Chart of THQI with 10-Day Moving Average Line
Yesterday's 10-day moving average breakout represents strong
short term momentum for the stock. If THQI manages to post a close above $45 on heavy relative volume, look for a new upleg to begin.