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


To: Evan Dimmer who wrote (408)4/6/1998 2:28:00 PM
From: James Strauss  Respond to of 13094
 
MANA of Speaking...

>>>Is the next resistance at 4?<<<

3 1/2 to 3 7/8 is the Resistance area...

>>>Is the volume high enough?<<<

No... 85,000 is usually not high enough... One could argue that the small float does not require a larger volume breakout... I still prefer to see > 100,000 trade breakouts... It may yet do it...

>>>Has is broken through the 13 Week MA? (i assume so)<<<

Yes...

>>>Look at the chart, up from 1.5 to now 4 almost in a week or so, how far can it go????<<<

If it closes above 3 7/8 on good volume, it can challenge its old high at 5 1/2...

Jim