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Technology Stocks : Hyperfeed Technologies, Inc. (HYPR) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (627)	1/23/1999 9:35:00 PM
From: Oak Park Trader	Read Replies (3) \| Respond to of 2231

My latest edition of Investor's Business Daily showed the following on PQT: 1) PQT has an RSI of 97 (which is very bullish--one of IBD's theories is you stick with stocks that have strong relative strength). RSI or relative strength is a measure of a stock's price performance compared to other stocks. 2) PQT is in a Group/Industry Relative Strength rating of an "A", which is the best rating. This is calculated by comparing PQT's industry group price performance over the past 6 months to the other 196 industry groups. 3) PQT also has an "A" rating with respect to Accumulation/Distribution, which is calculated by IBD with a proprietary formula to interpret buying/selling activity in a stock. "A" rating indicates heavy buying. If you look at Thursday's trades on PQT, between 11:00 AM and Noon I estimated almost 700K shares traded--huge volume drove the stock from 2 11/16 to over 3 1/2 very quickly. I wonder if somebody big got a little impatient when the stock failed to drop and decided they better buy it now. The chart looks great--PQT just keeps finding higher and higher support levels, like climbing a staircase. It was $1, then $1 1/2, the just under $2--and last few days the new support level was clearly established at around $ 2 5/8. This week we may well find that the support is increased up to $3 or $3 1/4. If we hold our gains this week--look for this stock to go higher. The philosophy of Investor's Business Daily is you find strong stocks in strong sectors and buy them on the dips. PQT fits into that criteria right now--and the great thing is that it is still relatively under-valued.