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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: JoeinIowa who wrote (10103)11/6/1998 4:20:00 PM
From: Sergio H  Respond to of 29382
 
Jose, welcome back on APCO. If you have an opportunity, take a look at the Russell 2000 chart and compare it to APCO's chart. The two are very similar. The Russell 2000 has been inching up on a daily basis and is in a very bullish trend. The only potential barrier to a continued rise is if the Fed fails to lower rates again later this month.

I may have been right on APCO, but I was wrong on Ken's SDTI. That stock keeps on moving. From www.clearstation.com:

<'kensey' has recommended SDTI (Long)
'kensey' said:
Favorable volume scenario, announced a stock buyback of
4 millions shares and posted up a favorable earnings report. The only thing missing is an analyst upgrade.
Very heavy volume when the stock moves higher and diminishing volume when the stock fades is bullish makes the case that the budding green MACD trending bar wont be the same headfake it was when the stock tried to turn the corner in late September.
The 13 day EMA is also crossing over the 50 day EMA.

SDTI has been in a classic downtrend since May. This is marked by a pattern of lower lows and lower highs. Lines are drawn in to illustrate this. The pattern was broken by the low that was formed a week or so back at the 10 dollar a share level (this line is also drawn in) which was _above_ the low that immediately proceeds this one. That identifies a change in trend.>

DGN picked up volume and price near the end of today's session. Maybe a buyout announcement pending ?

Sergio

ps Congrats on our personal contest so far. You're pulling ahead again.