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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jonathan Cleveland who wrote (15147)	9/19/1998 6:09:00 PM
From: Jenna	Respond to of 120523

CCL jonathan..Yes you are right the stochastics are overbought. Of course the best recourse might be a pullback before entering. But in the last 5-10 trading periods, I've dropped some stocks from the watch list because of OVERBOUGHT readings i.e. QLGC, NTAP,GPS,PAYX, and even unsinkable LGTO, and they have soared (ouch) afterwards. CCL broke through resistance on Friday, and it's Relative Strength is at a new 14 period high.. Also I don't want to forget that it beat estimates and might have more steam in a better market climate. (PAYX) was up 6.6% on Friday which is more than it went up right after the earnings report. If the market is up on Monday, I think CCL has a better than even chance of rising along with it. But it has to be watched as you said. You don't have to chase it.