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Technology Stocks : RRRR: Rare Medium Group (soon to be) formerly ICC -- Ignore unavailable to you. Want to Upgrade?

To: soar who wrote (38)	1/13/1999 9:33:00 PM
From: Jibacoa	Read Replies (2) \| Respond to of 1150

No, RRRR is not yet on a long term UPTREND. But it has not violated its near term UPTREND. Today's low of 4.19 almost closed the small upside gap of January 8th. As you recall, the high on January 7th was 4.06 (It closed at 3.97) and on January 8th the low was only 4.13(the high 4.97 and it closed at 4.50 with volume up to 910,700 almost 3x the 221,500 of the previous day).Today's volume of 360,100 is the lowest of the previous 3 trading days (which were all on the upside) Today's low just touched the 10 day average at 4.19 The 25 day average is still below at 3.67 and the 50 day still lower at 3.50, so in my book the near term UPTREND still remains. On the long term chart, the stock is not yet on an UPTREND since the 10 week average is at 2.90 and the 25 week at 3.50 with the 50 week at at 3.65. The stock price, however, remains above all these average lines, but I would like to see the 10 week average above the 25 weeks and both of these above the 50 week. The price has to close above the 6.25 level to break the downtrend coming from last year's April high around 7.50 Good luck to all. Off topic:If you want to scan some good looking charts take a look at a few of these: ASFT SPDE CTII ENER UNFY IDTI BEAM NVDM AGAI BIOMF QUAL DC COSFF PETM SIGM CHMD IFMX ATEC GSNX IRF AAC ODIS CLNTF