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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: Chisy who wrote (7412)	1/9/2001 2:27:22 AM
From: Jibacoa	Respond to of 13094

CGEN: There is some resistance at the 6 3/4 level and then at the Dec.19 H of 7 3/4.I still like the chart pattern. CENL: As you know, the latest Q revenues and net earnings were very good.They reported improving profit margins. The P/E is a modest one at 5.71. insiders hold 38% and there is no significant institutional holding.They have a low float (only 2 million shares) and a very high short position (30% of float)There could be a rather substantial "short squeeze". The most recent volume increase on an intra-day basis was on on Jan.4 (9100 shares at 12.15PM).That was on up-ticks with the price moving from 13 7/8 to 15 1/2.The total volume for that day was 49,700 with the price going from 12 1/2 at the opening to 15 1/8 at the close. Today's volume of 27,700 was higher than yesterday's 17,300 with the price as you know going higher today. The sock gave a recent buy signal on the 60 minutes chart at the 11 5/8 level around 12.30 PM on Jan3.(The price got above the 3 closest averages and the averages on the right sequence:the shortest above and the longer the lowest). On the daily chart we have no confirmation as the price is still below the 50 day average and that average is still above the shorter term avgs.)It seems the stock needs to close above the 16 5/8 to 16 7/8 level to completely break the down trend coming from the double top at the 22 3/4 & 22 level (the Hs on Oct.9 & Nov.7) As you probably recall the largest daily volume lately was on Oct.6 (286,900) with the price moving up from 18 to 21.937 (with an intra-day H of 22 1/4) Regards and good luck. Bernard