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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (1009)	12/31/1997 12:55:00 PM
From: Trader X	Read Replies (3) \| Respond to of 2377

XCIT. I know this isn't a penny stock (under $5)...but... it is worth considering as a buy candidate anyway. the chart: chart2.bigcharts.com:80/chart?time=8&freq=1&uf=32&lf=268435456&type=1&style=3&size=3&maval=10&state=0&compidx=aaaaa&symb=xcit&ma=3&comp=&trans=0&r=chart&sid=16615&sec=c&xyz=53628156&s=23092 -shows that XCIT has recently broken out from what looks like a semetrical triangle reversal pattern. -resistence was hit at 30 3/4 yesterday for the second time since dropping below $31. -up trendline since last May shows trend support near $24-25, what looks like a good buy entry point as it pulls back to the 10/20 day MAs. I made a double on this stock exactly one year ago. My price target based on the possible uptrend right triangle being formed, is $40. Confirmation is a break of resistence at $30 3/4 on strong volume. Buy points are $25 and $32. Stop loss is $21 under $25. I like this chart. -Kevin -