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Biotech / Medical : SNRS- Sunrise Technologies -- Ignore unavailable to you. Want to Upgrade?

To: CUBBY who wrote (730)	4/20/1998 12:02:00 PM
From: HeyRainier	Respond to of 4140

I'm watching for stabilization. For 1998, SNRS has a history of quickly correcting and establishing a small base whenever it opens higher than its upper Bollinger Band. It opened this morning higher than its upper Bollinger Band. The last three times this year such an occurrence took place, SNRS immediately corrected, and at an average rate of 11.7% from its highs. That would imply that $8.00 is a reality based on the technical behavior of this issue for this year. Does the past imply that the future will be the same? Perhaps not. The $8.50 could be an appropriate level to halt its advance in preparation of its next upward move. I am only providing technical observations in the hope that some added perspective will provide better trading decisions on this issue. Rainier