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Strategies & Market Trends : Consumer Portfolio (CPSS) Overbought! -- Ignore unavailable to you. Want to Upgrade?

To: David Rubin who wrote (31)	1/5/1998 11:26:00 AM
From: bob yahnke	Read Replies (1) \| Respond to of 112

Hi David. The main reason for the drop down to 7 was the fact that an institution had to get out of alot of stock before the end of the year. For what reason, I don't know. What I do know is that he's done selling and only buyer's remain. Look for a run up to 12 where the next resistance level is. I think a reasonable price for CPSS would be between 12 and 14 with over bought conditions in the high teens. I even would'nt rule out a $20 stock this year considering their consistant record earnings growth. A close above 10 would be very positive and would confirm a run up to the next resistance level at 12.