[CANSLIM] 50dMA as a sell sign, MVL

From: michael_niemotka@baxter.com
Subject: [CANSLIM] 50dMA as a sell sign, MVL
Date: Tue, 24 Jun 2003 08:56:40 -0500

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Hello all,

One possible yellow flag sell sign is a stock that violates the 50dMA on
heavy volume, and I just wanted to confirm that this is on a DAILY price
chart, vs a weekly one.  As a case in point, after yesterdays action MVL
finished the day slightly below the 50dMA, and had huge volume.  If the
stock does not manage to move above that line, I am taking this as a
confirmation for myself that I need to exit the position totally.
How long do you typically give the stock to move back above the line, and
does it have to be on high volume to show institution support?

Thanks

Mike

Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com



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