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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?


To: HeyRainier who wrote (1211)6/22/1998 10:34:00 AM
From: Susan Saline  Read Replies (2) | Respond to of 1720
 
EK

Does not appear to be complete failure.

A nice trading chart Rainier.

The rise from March to April was too fast, too high. From 62 to 76 in 45 days.

Looks more like some profit taking that goes right along with the market as a whole.

This will turn also.

I would look for it to break below 64.

A buy stop after it breaks below 64, would be a safe play

Buy stop the rebound at 64

If you follow this on a daily basis, let me know if it acts as I think it will.

I would play along with you on it, as I like the company and I like the chart.

Hold target time period would be about 2 months, after entry, for a 10% gain

what's your read on it?

Sue