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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: DayTraderKidd who wrote (20092)	12/18/1998 10:43:00 AM
From: clutterer	Read Replies (1) \| Respond to of 120523

2 25000 blocks @ bid just went by on MUEI...upgrade coming?

To: DayTraderKidd who wrote (20092)	12/18/1998 11:43:00 AM
From: Jenna	Respond to of 120523

MUEI was a buy on the 17th when the 13 day moving average crossed the 50 day moving average and there was a stochastic buy signal as well...the price was 18 7/16. Next resistance is basically 1/2 point below its 50 week high which is irrelevant at this point since the earnings report will come out earlier. I am very bullish on MUEI and with a relative strengh of 99 and a tech rank of 19.. and a 3 digit growth in EPS, I am not too concerned with it at this point. If for some reseaon it sinks below 18 ( there will be cause for concern).. Another entry could possibly 21 1/8.. That is why I would wait now for this price before re-entering. There would also be a cause for concern as the NASDAQ is flying and MUEI seems stuck.. give it a chance the day is young.