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| 4/13/99 Aztar Corp (AZR)
Points to watch: Aztar is showing signs of being
ready to break out to the upside. The stock crossed above its 21 day moving average (4.71)
on 3/26, and above its 55 day moving average (4.90) on 4/5. The shares have moved above a
long term downtrend line at 5 the past two days, and closed on Monday just below their 200
day moving average (5.09) which has acted as resistance since January. Weekly
stochastics gave a buy on 4/2, and weekly OBV and RSI are rising. A buy signal would
be generated if the shares move above their 200 day moving average and the MACD signal
line crosses above 0. Conservative traders should wait for a break above resistance
at 5.59 (the 38% retracement of the 2/98-10/98 decline which acted as resistance in 11/98
and 1/99) before acting.
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