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Technology Stocks : SBS Technologies (SBSE) - Undiscovered gem -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (1177)11/21/2003 9:07:52 AM
From: robert b furman  Read Replies (1) | Respond to of 1540
 
Pre market comment:

I liked Sbse's upward price action - ON BIG VOLUME 132,000 per IBD and 145,000 per my Scottrade #'s.

Hopefully this will give us a breakout over 14.51.If so a very good possibility we'll complete the right side of a cup (go to 17.50) and then got throught he completion of a handle.

Most handles have a 10-15% price drop.If that developes from 17.50 we'll see a drop to around 14.88 (15% drop) to 15.75 ( 10 % drop).

A break out over 14.51 could be a good pay to 17-17.50.The breakout must occur on high volume or I'll sit this one out.In between the rising 200 day ma and 50 day ma are both rising nicely.200 = 10.05 72 = 12.38 50 =12.79.

Here's hoping for 14.55 on big volume this A.M..

Bob