Re: [CANSLIM] AZO

From: Spencer48@aol.com
Subject: Re: [CANSLIM] AZO
Date: Mon, 3 Jun 2002 20:38:16 EDT

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Mike:

     My thought is that it is a bad market.  The fact that it hasn't gone 
below its pivot point of about 80 bodes well.

     Churning occurs on HIGH volume.  The volume isn't high at all.  This is 
from AskWON in Investors.com on 5/24/02, and it might be helpful.  
Re. Churning-Its Meaning:   
    "I've noticed some stocks' volume increasing, but the price remains the 
same. Is this a signal to sell? " - Submitted from Bolingbrook, Ill.     It 
depends on the stock's trend. If the stock has been rallying, the stock could 
be "churning." That's what we call it when a stock trades on comparatively 
heavy volume but can't manage to make meaningful price gains. It is a pretty 
reliable stalling signal, and should tell you to start considering selling 
the stock. If you're talking about a stock that has been selling off, 
however, it could be the opposite situation. Heavy volume without further 
downward price movement could mean the stock has found support. In either 
case, the price and volume action you're describing often signals a change in 
trend." 


jans



In a message dated 6/3/2002 5:51:45 PM Eastern Daylight Time, 
michael_niemotka@baxter.com writes:

<< Another question for the group,
 
 Is Azo churning?   It seems like it has not moved up or down much in the
 last week or so after the breakout. I have heard others warn that it might
 not fly because this is a late forming base. >>

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