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Technology Stocks : Brightpoint - CELL -- Ignore unavailable to you. Want to Upgrade?


To: JBruin who wrote (288)1/6/1998 4:54:00 PM
From: Thomas Frank  Respond to of 1999
 
Number of trades in Brightpoint increased today vs yesterday
1244-1021.
Interest still very strong.



To: JBruin who wrote (288)1/6/1998 5:00:00 PM
From: David G.  Respond to of 1999
 
Technically we are in good shape. We are building momemtum going into the coming weeks in which positive events will carry momemtum forward to new highs. All indicators bullish. On the daily chart, we broke thru the 50 DMA today, MACD is positive and higher than its been since mid October, RSI broke thru 50 today.

We may see some profit-taking but you can count on it being retail transactions (small players)... institutions are locked in for the larger ride upwards. On the week, we are ahead of schedule. If we close the week above $16 3/4, we are on schedule.

On the weekly chart, indicators turned north this week for the first time since October. Weekly indicators looking very similar to previous CELL indicators 1-3 weeks before previous breakouts.