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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: Andy who wrote (13094)7/15/2000 4:09:36 AM
From: DOUG H  Respond to of 19374
 
Hi Andy, I'm not Vendit but I recieved your post and will take a stab at LBRT.

It certainly was a nice move, coming off a several week base marked by higher lows. The stock took out near term resistence in one day, broke thru the decending trend line across the tops of the highs and crossed the 50 DMA. 15-5-5 stochs crossed over today as well, another signal of trend reversal. Money flow bottomed out, then "boinged up". All bullish signs.

The one thing that would concern me is that on this 3 month chart the stock has pushed Williams R% to the top of the range 2 times and each time it has quickly retreated. This week Wall Street has taken a liking to these stocks, there may be more left.

Good luck with the stock.

askresearch.com

Another interesting view of the stock:

askresearch.com