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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (174)12/10/1999 2:09:00 PM
From: John Pitera  Read Replies (1) | Respond to of 2850
 
CHRZ--Info tech & Solutions --value Play-- TA thoughts.

Tom, CHRZ behaved classically in that it had been underneath it's 200 dma for quite a while, It ran up to the 200 dma from a low of 9 in early april to the 18 area, by late May and saw resistance at the 200 dma.

it then worked it's was down to a trading range and moved sideways during the summer.

CHRZ then moved above the 200 dma in nov. it ran to 16.5 by mid Nov and then drifted back to it's 200 dma @ 13.50 and briefly touched it intra day 2 times in dec.

This is a perfect way to buy a stock that has broken out on it's retracement to the 200 dma

there is some resistance in the 19 area and then up in the mid 20's.

John