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2/11/99 Micro Warehouse (MWHS)
Points to watch: MWHS has been in a
downtrend since peaking in mid January. Daily OBV, MACD, RSI, and stochastics have
been in downtrends since mid January. Daily ADX has fallen below 40 after hitting
55, a sell warning. The stock has fallen below both its 21 day moving average (38.5)
and 55 day moving averages (33.86). On Wednesday MWHS closed below Gann 1x2 angle support
(34.5) for the first time since October. The stock tested and held support at 30.88
intraday. Continue to watch this support level over the coming week and sell, or
short on a break below it.
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Last modified: April 02, 2001
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