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


To: IsaacF1 who wrote (1878)6/4/1998 10:41:00 AM
From: James Strauss  Read Replies (1) | Respond to of 13094
 
ROSS...

Isaac:

ROSS continues to make a slow and uninspiring move upward... It seems to be one of those stocks that can move up on low volume... So, as long as they continue to make new deals the stock should appreciate... Investors are probably waiting for some type of quantification of these deals in the earnings scheme of things before chasing the stock... So for now it remains a slightly positive ho hum... : >

Jim



To: IsaacF1 who wrote (1878)6/4/1998 11:02:00 AM
From: Magnatizer  Read Replies (1) | Respond to of 13094
 
F1

ROSS TA read

Right now ROSS is trapped in a symetrical triangle. Top resistance: Line connecting the highs on 4/24 and 5/15 Bottom support: connect lows for 5/6 and 5/27. A look at the weekly chart shows the triangle is perfect technical formation with volume slowing while the stock works its way toward the apex. A break above the upper resistance on good volume would be a buy signal, below support on volume a sell signal.

Magnets at 5.25, 5.375, 6.00 and up.

Long term tech indicator rank is strong

Short term tech indicator rank is mixed leaning towards strong

The other significant pattern which is evident in the chart is ROSS and its uncanny ability to move sideways. Not up or down, no trend established for 4 years worth of data. This tells me ROSS is not a good long term hold, rather, it is a great trading vehicle. That is if you can buy at the lows and sell at the highs.

ht
david