20-20 Vision?

  • November 5, 2001
  • Duke Heberlein

Keep an eye out for reversals out of pullbacks when they near the 20-day
moving average. This indicator often acts as a springboard for stocks to pivot
off and resume the direction of their underlying trend.

 

14:42:16

 WebEx Communications (WEBX)
is pulling back to the 20-day moving average. WEBX is down 1.75 to 29.05 and
has a

3-month relative strength ranking of 97 from TradingMarkets.com.

 

 

We have been following WEBX for four days now, and it appears
our work is now beginning to pay off.

 

 

WEBX appears to have the legs to challenge the recent high. Keep
the 20-day moving average in mind when trading and tracking pullbacks, and you
may just uncover some winners.

Until tomorrow,

Duke