2 Fib Plays And A Relative Strength Play
eBay
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PowerRating) blew out their earnings and the
stock is one of the biggest gainers today. The stock has not participated,
though, in the rise this past hour or so. As a matter of fact, it has fallen,
and its relative strength is poor. Normally, a stock trading in a Slim Jim near
its highs is projected to go higher, but in this case, it looks lower.
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The Biotech HOLDRs
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PowerRating) are trading at the
127% extension of the 4/7 high to the 4/10 low, and could pull back here.
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Macrovision
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PowerRating) is trading higher today.
SG Cowan said that a license with Microsoft may boost 2004 EPS by 5-10 cents.
The stock has pulled back to its 50% retracement intraday and may bounce.
Have a good afternoon.
Brice Wightman