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


To: SouthFloridaGuy who wrote (34799)10/18/2001 11:19:54 AM
From: Johnny Canuck  Respond to of 68104
 
TERN looks overbought on the daily chart. After the recent gap up it has been trapped in a range between 8.5 to 9.25.

askresearch.com

It needs news to make it out of this range. The OBV indicator indicates no additional buying pressure right now. Relative to other stocks this stock is strong.

Fundamentally, their new cable modem chip set will not start shipping to Q2 of next year. In the interim an announcement of a new design win could take this stock out of the range. No idea if that is pending though.

It is worth look at on a pull back. Given the market conditions I would scale in on pullback. It should trade with the general market direction within the range specified.



To: SouthFloridaGuy who wrote (34799)10/19/2001 11:35:01 PM
From: Qualified Opinion  Read Replies (2) | Respond to of 68104
 
Interesting article on valuation, link

Link: cbs.marketwatch.com