04/12/00 Reebok Int'l Ltd (RBK)
Points to watch: Reebok has doubled in price since early February and is now closing in on important resistance at 14.56-14.94, the gap formed last July 23rd.
The 50% retracement of the stock's May 1999 to February 2000 decline also
falls within this resistance range.
On Monday the stock traded in a narrow range between 14.19-14.50 intraday.
Yesterday RBK lost 0.37 to close at 13.94.
The stock crossed above its 200 day moving average last Tuesday for the first time since last July. Daily MACD remains on its March 7th buy signal and is rising, and daily RSI, OBV, and stochastics are all at new year 2000 highs.
A buy signal would be given on a break above 14.94, with resistance after a break at 17.4, 18.6, 19.5, and 22.8. Support is at 12.4-12.9, and 11.2
