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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: dreamer who wrote (84951)	5/24/2001 5:56:50 PM
From: Nick JMH	Read Replies (1) \| Respond to of 150070

IBEM - just issued-- Technical Breakout: Ibeam Broadcasting Corp. Boston, May 24, 2001 (Midnight Trader via COMTEX) -- A partnership between Ibeam (IBEM) and DoubleClick (DCLK) to deliver targeted streaming advertising solutions announced earlier this week has prompted the stock of Ibeam to rise almost 250% during the last three days. The company had posted a 52-week low of $0.28 just last Friday, but since Monday shares of this streaming communications provider have posted an astonishing run amid volumes of 6 times the 50-day average volume. The stock is now approaching the psychological resistance level at $1. Breaking the $1 level could also result in a breakout to the upside of the 50-day MA. The 14-day RSI over 70, and thus suggests that the stock might consolidate a little bit before attempting to continue rising, but the strength of the move could continue even at a high RSI. The stock continues to rise on 3 million+ Island shares. Price: 0.98, Change: +0.4, Percent Change: +4.26%