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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Ontherise who wrote (4654)1/9/1998 8:44:00 AM
From: LastShadow  Respond to of 120523
 
Kevin: NWCA

It is the potential for merger and the single large buy that motivated the post. Thre price has increased over 20% in the last six days (3.375-4.125) on increadsing volume, leveling yesterday. Givien its range (to 5.25) it doesn't look overbought. The Relative Strength is in the high 50's, the 39 period Stochastic is about 70 (historically goes to 90 before turning), its moved above its MA for the last three days, and its moved off the lower Bollinger band and moving nicely in its envelope channel. The MACD just reached crossover, and the Williams %R has turned up. From a chartist's view, its on a strong minor reversal. On what criteria are you saying its overvalued?

ls