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| 7/28/99 Ace
Limited (ACL)
Points to watch: Ace set a new 52-week low yesterday
and broke important support. The stock closed below the low of 24.38,
the low set last October 8th. The stock is a sell at current levels,
and lower prices are likely. Technical indicators continue to head
south, with daily stochastics and weekly RSI hitting new lows. Daily
MACD remains on the sell signal given in early June. Daily and weekly
OBV, as well as Money Flow, are in sharp declines. Upside resistance
is at 25.43 (the 2/10/99 low) and at 26.5.
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