Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (1724)	1/15/2001 12:34:46 PM
From: Jenna	Read Replies (1) \| Respond to of 6445

ELON reports January 17, 2001 looking for its first positive earnings report. marketgems.com Although the next minor resistance is 21 and the second is 22, I would pick up ELON if it takes out the high established by 10:00 or (9:55) in a backdrop of sound market internals. If ELON begins to correct and it could because of its move to overbought, 16 1/2 would be the next support level. This is one of the best chances to see if some of the earlier triple digit stocks has indeed any chance of recovering. ELON year high has been 113. It is currently trading with a relative strength of 14, so obviously the bias is to the downside and were it not for impending earnings, ELON would probably easily be a short bait.