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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (32971)	6/21/2001 12:27:08 PM
From: xcr600	Respond to of 70187

<< Anyone care to give their opinion on KEG - Key energy group? Looks way oversold.... >> I'll drink to that! Sorry couldn't resist. 200dma around 11 as well as the weekly uptrend line, so it's possible to get a bounce in this area.

To: The Ox who wrote (32971)	6/21/2001 12:50:49 PM
From: Return to Sender	Read Replies (2) \| Respond to of 70187

I agree the stock is oversold and is ripe for a bounce. Will it bounce? We will leave it up to you to let us know! ;^) RtS

To: The Ox who wrote (32971)	6/21/2001 3:23:58 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 70187

Michael, It looks like the 200 EMA has been fairly strong support for this stock and it is oversold based on a lot of indicators. The OBV did not make a new low during the current sell off so this is good. The new low on the money flow is a little worrisome though. It was brief and reversed imeediately, but is still a concern. It appears they only have 2 million in cash. What's the story give that they are a 1.2 bil dollar company. It is only of a handful of oil related companies that has actually generated positive returns the last few months. siliconinvestor.com