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Strategies & Market Trends : Tom and Craig's Stock Scans

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To: Craig K who wrote (146)9/14/1999 5:09:00 AM
From: R. Bond   of 154
 
Craig,

Check out IONA. Fell off a cliff last April, has been basing (?), volume increasing over several sessions, heavy volume the past two days with a breakout above the 10-day MA and 13-day Exp. MA late yesterday. If it closes above the 13-day Exp., it will be very bullish indeed (see the weekly chart).

Found it yesterday while scanning in the late morning. Just a spike or a buying opportunity on the pullback?

FWIW, check out the Research section on Yahoo! to see the "EPS Growth" forecast figures for 1999 vs. 2000.

Cheers,
Bond

P.S. Also watching IPIX.
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