11/02/99 LCC International Inc (LCCI)
Points to watch:
LCC International has built a solid base
since it bottomed in October 1998. The stock is now near its 52-week
high and is sitting just below a 15-month old resistance level at 9.81, a
level which acted as resistance on 9/13-14/98 and 10/14/99, and acted as
support during July and August of 1998.
Technical indicators are strengthening
as the stock makes another run at breaking above resistance. Weekly
OBV is at a new high, daily OBV, RSI, and stochastics are rising sharply,
with stochastics giving a buy signal in early October when it moved up
from below overbought.
A buy signal would be given on a
breakout above 9.81, with a first target of resistance at 11.5, and then
13.38, and 14.13. Support is at 7.75.
