SI
SI
discoversearch

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.
Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: Peter van Steennis who wrote (14352)6/11/2002 9:44:02 AM
From: chowder  Read Replies (3) | Respond to of 23153
 
Peter, it looks like CYTC has performed the way you wanted to, so far. It gapped up at the open yesterday and stayed up., exactly what we wanted to happen in our discussion.

It was up in pre-market today, but the chart is delayed and it hasn't shown up on today's chart yet.

I'll post the chart, since it will appear later.

stockcharts.com[h,a]daclyiay[pb10!b50!b200!f][vc60][iut!Lh14,3]&pref=G

Chances are it will pull back at the 10 dma. Once it closes above the 10 dma, that becomes a new level of support.

Prudent near term traders would take at least half their profits as the price approaches the 10 dma. Intermediate term traders would likely add to their position if the price can stay above the dma.

Good luck,
dabum