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I would look to buy after 200ma was penetrated intra day, as long as the
close was above it, and would close out the position if it ever closed
below 200ma.
Regards
DanG
At 01:52 PM 12/12/2000 -0500, you wrote:
>Here's a current example of a textbook setup.
>
>The fundas are all there:
>
>Industry group RS = 87
>Stock RS = 83
>Earnings RS = 70 (this is lower than the preferred norm).
>All ranks are A & B, wherever numbers are not assigned (accumulation, SMR
>etc).
>2 consecutive qtrs of rising revs, even though earnings are not showing
>the impact yet.
>
>The technicals are also perfect: 8+ week base, breakout on volume about 4x
>50 day avg volume, a consolidation handle on lesser volume just under $50
>which also looks like a bull flag on the daily.
>
>Now note the comments on the weekly chart.
>
>And pray tell me, where should one buy this stock - after the breakout or
>at support?
>
>Gitanshu
>
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