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| 7/21/99 Sears (S)
Points to watch: Sears broke below important support levels yesterday. The stock fell below the 62% retracement level of its 2/10-5/11 rally (a rally which significantly was stopped by resistance at the 50% retracement of its 6/10/98-10/14/98 decline). The 62% retrace level had acted as support on 6/30. The stock also fell beneath its 200 day moving average (44.63) yesterday for the first time since April 29th. OBV is in a downtrend and daily MACD gave a sell signal on June 28th. The stock is a sell, with the next support levels at 41.5 and 39.
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