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Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?

To: Marc Newman who wrote (10603)	4/22/1999 3:50:00 PM
From: Raymond James Norris	Read Replies (2) \| Respond to of 14266

I've added to my position in THQI considerably today. Besides great fundamentals, the chart is bullish. Of particular importance is the bounce off the 20 day moving average and the on balance volume. The 20 day moving average is the best short term indicator of a stock's direction. THQI's bounce indicates strength to me. Secondly, and more importantly, is the on balance volume. I put it up on THQI's chart and noticed something interesting: On balance volume currently is at a new high. What does that mean? This means that the volume coming into THQI on the up days is now more than it was when THQI was at 32 six months ago. On balance volume is a leading indicator, meaning it usually hits new highs and lows before the stock does. A third reason I added to my position is THQI's industry. In IBD it has moved up significantly from the low 40s and high 30s into the top 15. Very bullish. I believe THQI will achieve 32 in the short term. Conservatively Yours, Raymond J. Norris