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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 (1186)1/4/1998 12:24:00 AM
From: Al Greenleaf  Read Replies (2) | Respond to of 2377
 
Sergio - <<GGNS I didn't find very interesting>>

Sorry, I have only one brand of T/A. Stocks that are rising and are likely to continue to rise for a bunch of varying reasons. Some rise from a high, and some rise from a bottom, like GGNS. In this case you have:
1. a triple bottom
2. Strongly rising stochastics (3 of three I check)
3. 3 of 3 TSV's moving strongly upward.
4. Strong rise in RSI
5. Average volume for the last three days is 279,000 compared to the 35,000 in November that you mentioned.
6. MACD just crossed it's moving average to the upside.
7. Strongly rising momentum.
8. It has not yet gotten away from us, as it is in the "early stages" as previously reported.
9. It has formed a "W" at this bottom, with the second low higher than the first.
10. Bollinger Bands are tighter than they have been since last October.
11. BOP has been improving for 10 trading sessions.

Look for yourself:

iqc.com

I will admit that I do not always pick winners, but I will be buying this one for the above reasons. Time does not allow for a similar list on all the listed stocks, but these are the reasons you got this one. Good luck.

-Al