Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Charts With An Attitude; Trading In & Out -- Ignore unavailable to you. Want to Upgrade?

To: mrc who wrote (4517)	1/14/1998 11:31:00 AM
From: James Strauss	Respond to of 4701

HNV... The Uptrend Is Intact... >>>HNV broke through the 2 1/2 area resistance level, hit 3, and then retracted. In a previous post, your TA indicated a move to the 3 1/2 area. Does your TA still see this move?<<< ************************************************ Rosalie: MoneyFlow is still positive, Relative Strength is positive, MACD is negative... It looks like it will challenge the 3.00 area... There is a Caveat: For the third quarter ended September 27, 1997, Hanover Direct reported revenues of $122.6 million, compared to revenues of $156.7 million for the third quarter of 1996. Revenues from continuing catalogs decreased 10.4% to $121.9 million from $136.1 million for the year-ago quarter, reflecting the Company's new business formula of focusing on more profitable products and repeat customers. We'll have to see if this works... A close above 3.00 will hint that the new business formula is working... Jim