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

To: Cush who wrote (3409)	12/24/1998 8:59:00 AM
From: James Strauss	Respond to of 13094

TAVA... Cush: TAVA is just beginning its move... It has trendline resistance at 7.25... Then, overhead resistance at 10.25... A break from there takes it to the 13.00 to 14.00 former high... After that, earnings will dictate upward price momentum... At a current 1999 Eps est of .75 we get a price of 15.00 with a P/E of 20... We get 32.50 at a P/E of 30... With the expected earnings growth rate > 30, a P/E of 30 is not out of the question... It may even be conservative... Here is the daily chart: iqc.com Note the lateral buying range in the 10.25 area... Here is the weekly chart: iqc.com Note the prior high in the 14.00 area... That was made when the fundamental outlook wasn't as good as it looks today... Jim