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To: Larry S. who wrote (13730)3/15/1998 11:58:00 AM
From: DanZ  Read Replies (3) | Respond to of 53068
 
INTU, ESST, LARS.

Larry,

Here's my 75 cents on INTU. The stock has resistance on the daily chart from the upper bollinger band at 50 1/4. The daily bollinger bands are narrowing (bottom band rising, upper band falling), setting up a breakout one way or the other. If the stock gets through 50 1/2 (and I think this is more likely than the bearish case), it is likely that it will test its 52 week high at 53 1/4. The upper weekly bollinger band is rising so the stock should have less resistance at 53 1/4 than if the upper weekly band was flat or heading down. The next major resistance area that I see is around 55 1/2 on the monthly chart and I would sell the stock if it gets there. Now where's my coffee? LOL

I looked at ESST after Bill mentioned it yesterday. It looks good for move to 8 1/8 but I would take profits if it gets there.

A friend of mine asked me to look at LARS yesterday. It made a base near 8 and rallied strongly on Friday to close above the upper daily bollinger band. However, the money flow was very negative and the stock has resistance on the weekly chart at 10 1/4. 831,500 shares traded on a downtick out of 2,016,500 total volume. That's 41% of the volume and makes me very suspect of the rally. I would buy puts on this stock if it rallies to 10 1/4 or 10 1/2 and starts to falter.

PS: What do you think about PAUH?