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Technology Stocks : Siebel Systems (SEBL) - strong buy? -- Ignore unavailable to you. Want to Upgrade?

To: Clam Clam who wrote (993)	12/18/1997 11:59:00 AM
From: GJD	Respond to of 6974

Re: Technical Analysis SEBL broke below its 50 day line last week and traded heavy vol. for the first time since Apr. The support is the 200day line at $32. On a weekly basis the stock has a bearish engulfing pattern in Japanese candles which is a topping signal. Also the momentum measures such as Stochastic and MACD have deteriorated. The stock may bounce from 200 day line since its short term oversold, but this stock hasn't seen its low yet.