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Technology Stocks : Metro One Telecommunications--MTON -- Ignore unavailable to you. Want to Upgrade?


To: advinfo who wrote (551)3/4/1999 7:53:00 PM
From: ChrisJP  Read Replies (2) | Respond to of 608
 
Hi Northstar,

On the relatively low volume, it's tough to say what's going on. However, from a technical standpoint, MTON is very oversold, but MACD and stochastics have yet to confirm an uptrend. MMs must have determined that there aren't enough stop losses at 12 to make it worth their while to bring the stock down any lower.

iqc.com

A close back above 14 would be good news IMO. I would be nice to have seen some buying support from some institution. Instead we have to deal with swings from 5 to 20 back down to 12 1/2. Not sure why when from an earnings expectation standpoint, this stock is a nobrainer.

Regards,
Chris