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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (393)4/5/1998 10:48:00 PM
From: Magnatizer  Read Replies (3) | Respond to of 13094
 
Thread

Refer to post #215 for guidelines of ratings

Another note: VOLUME must accompany these stocks as they move to higher levels. I know many people entered CAND and HAUP on Monday open or in the morning. Neither of these had the volume to back sustained gains. If you have charting software plot a MA on your volume indicator (say 90 periods) this will show you what it will take to help establish the stock is going to move to the next level up. I am in the process of experimenting with the volume MA to find a good time period but 90 seems to be pretty safe bet area. I am not trying to pick on anyone, just trying to help.

Now to the list

No plus 4s

Lone plus 3

RNTK Watch for solid floor (at 2.75 on Monday and increasing .10 each day) to be touched or 4,3,2 stoch cross over. should rebound nicely off the floor level

Plus 2s

DVNTF looking likely to dip before resuming uptrend; target of 6.00

SYGR Similar situation to HAUP last week. It is touching its IL (most of you will not have a clue what IL is so lets just say that stocks have trouble maintaining that level) The solid floor is at 5.40 on monday moving up .20 per day. If SYGR comes down to solid floor level expect it to bounce quickly, if it starts to rebound off the floor that is a good entry point IMO

RMII Like it! Setting up a 3 day RSI trick so you can expect a base or slight decline then once the trick is hit a sharp increase. Accumulation on dips to the 13 EMA is the play here if you do not know how to play the 3 day trick

IMCL very near a BO which will send it toward its all time high of 17.50 or so. One indicator left to BO. The climb will not be overnight but it should happen rather quickly (6 months or less)

IVIP Due for a pullback. Very strong, just broke a 4 YEAR downtrend on Friday. Expect the stock to test the downtrend line again before resuming uptrend. Looks like down to 6.00 on 4/7 then uptrending.

INFO Wait for a pullback. Most likely a base/pullback to the 5.25 area then climb again. If it goes up Monday it will need lots of volume

PAX Strong 2. IHS BO 3/31. BO of 2 year downtrend 3/31. tested trendline 4/2 Looking for another test of trendline from IHS BO then uptrend begins again.

HAUP Refer to post #319 I see one more day of strength then base/pullback

KKRO Iacocca (only FA I have done on the list) would have been a +1 without him

TCEL Trying to complete a BO of a long term downtrend. Signal given on 3/12 gave a $4 target near term (2 months or less) Looking like it wants to form a C + H pattern with the bottom of the handle in the 3.10-3.15 area

NVAL Violating IL now. Look for pullback to mid-low 6 range. then sharp upmove

IMMU Another 3 day RSI trick candidate. currently overbought wait for base/pullback starting early this week. One year target of 13.00

Another stock which did not make the final cut but I like it

KRHC setting up a strong 3 day RSI trick.

Note: when playing the 13 week MA stocks a good entry point is usually found when the stock violates the 5 day MA then finds support from the 13. If the 13 is above the 5 avoid the stock.

Again VOLUME, VOLUME, VOLUME, think of Dolly Parton when making your buying decisions (her hair you perverts)

happy trades
david