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| 7/26/99
Theragenics Corp (TGX)
Points to watch: One to watch this week. Theragenics is showing
signs that it is ready to break out of the solid 6 month base that it
has formed since it gapped down on January 12th. On Wednesday the
stock moved above its 200 day moving average for the first time since last
November 12th. The stock has touched resistance at 11.13 (the bottom
of the gap formed on 1/12/99, and a point which also acted as support on
8/19/98 and 10/8/98) on each of the past 3 days, but has failed to move
above it. Technical indicators continue to improve, with daily RSI,
stochastics, and weekly MACD all in solid uptrends. Daily MACD gave a
buy signal on July 12th. A move above the resistance at 11.13 would be
a buy signal, but we would wait for the added confirmation of the stock
moving above resistance at 11.63 (the 50% retracement of the
12/29/98-3/26/99 decline) before acting.
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