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Date Posted: 22:20:24 05/03/00 Wed
Author: warren
Subject: Stocks to watch via Pristine's various services....

From Market Gems trial subscription:DAILY WATCH LIST
for May 4


Stocks below could move nicely on any rally. They are past performers that have moved high to the top of their intraday trading ranges. Look to our biotechs tomorrow as CHIR actuallybeat estimates and traded up nicely after the close. CHIR was off badly on Tuesday. Look for repeats 'encores' for KING, ADRX, GLGC and ABSC. MYGN reports on May 9 and will be on our Earnings Plays list for next week. Right now , MEDX looks a bit better but either one will move on any rally.

We'll be updating on Silicone Investor tomorrow, but any one of these should be buys in the first 15-30 minutes (3 5 minute or 10 minute bars) if they take out yesterdays close by 1/2 point. We are looking for daytrades here for the most part as we don't want to be in long positions in volatile momentum stocks going into Friday. Stops 5% below your entry should be put in all stocks..

Criteria Criteria Values
__________________________________________________
STOCK PRICE display only
1/30-DY VOL RATIO display only
PERCENT DAILY RANGE display only
STOCH VAL 9/3 DY display only
WILDER RSI 14-DY display only
% HIGH VALUE 4-WK display only
REL PERFORMANC 1-DY display only
MOVING AVG 50-DY display only
MOVING AVG 21-DY display only



1> TLGD - TOLLGRADE COMMUNICATIONS INC .TES
Price= 70.5 VL/30= 79.7 %Rnge= 90.0 Sto9V= 82.8
W14dV= 57.5 %Hi4 = 91.9 1-Dy = 97.7 50MA = 118.4
21MA = 112.6

2> VRIO - VERIO INC .ARM
Price= 33.4 VL/30= 98.0 %Rnge= 87.0 Sto9V= 61.6
W14dV= 46.6 %Hi4 = 83.4 1-Dy = 104.2 50MA = 71.9
21MA = 106.0

3> ITWO - I2 TECHNOLOGIES INC .DSO
Price= 112.1 VL/30= 77.8 %Rnge= 86.0 Sto9V= 60.3
W14dV= 47.5 %Hi4 = 81.8 1-Dy = 100.1 50MA = 80.0
21MA = 104.0

4> EMLX - EMULEX CORP COM NEW .DCO
Price= 58.0 VL/30= 164.1 %Rnge= 84.0 Sto9V= 69.6
W14dV= 39.3 %Hi4 = 51.5 1-Dy = 108.9 50MA = 45.7
21MA = 91.6

5> NEWP - NEWPORT CORP .SPE
Price= 124.5 VL/30= 167.7 %Rnge= 95.0 Sto9V= 58.6
W14dV= 52.7 %Hi4 = 87.8 1-Dy = 102.0 50MA = 94.9
21MA = 111.9

6> AERL - AERIAL COMMUNICATIONS INC .SER
AERL - AERIAL COMMUNICATIONS INC .SER
Price= 46.8 VL/30= 100.0 %Rnge= 87.0 Sto9V= 79.4
W14dV= 49.6 %Hi4 = 82.5 1-Dy = 107.9 50MA = 88.6
21MA = 104.9

7> PROX - PROXIM INC .TES
Price= 71.3 VL/30= 183.3 %Rnge= 99.0 Sto9V= 36.3
W14dV= 39.2 %Hi4 = 59.0 1-Dy = 114.0 50MA = 60.4
21MA = 86.3


8> BRKS - BROOKS AUTOMATION INC .ESE
Price= 80.0 VL/30= 99.1 %Rnge= 66.0 Sto9V= 54.6
W14dV= 52.2 %Hi4 = 89.1 1-Dy = 94.6 50MA = 108.5
21MA = 102.9

9> MEDX - MEDAREX INC .DBI
Price= 53.0 VL/30= 38.2 %Rnge= 100.0 Sto9V= 75.6
W14dV= 48.0 %Hi4 = 72.9 1-Dy = 101.8 50MA = 63.1
21MA = 107.9

10> ABGX - ABGENIX INC .DBI
Price= 96.1 VL/30= 32.9 %Rnge= 75.0 Sto9V= 79.8
W14dV= 52.8 %Hi4 = 93.3 1-Dy = 104.4 50MA = 86.4
21MA = 115.2

NEW Earnings Plays coming into range:

11> LCCI - LCC INTL INC CL A .TES
Price= 26.3 VL/30= 64.8 %Rnge= 100.0 Sto9V= 87.0
W14dV= 50.6 %Hi4 = 78.3 1-Dy = 107.1 50MA = 84.7
21MA = 109.1 Reports Monday May 8
20 day MA breakout on low volume.

12> WFMI - WHOLE FOODS MKT INC .RFS
Price= 41.3 VL/30= 118.6 %Rnge= 91.0 Sto9V= 22.7
W14dV= 43.8 %Hi4 = 85.8 1-Dy = 102.8 50MA = 97.5
21MA = 94.0 Reports Tuesday May 9

13> HAIN - HAIN FOOD GROUP INC .FOO
Price= 28.6 VL/30= 78.7 %Rnge= 100.0 Sto9V= 39.3
W14dV= 52.9 %Hi4 = 89.9 1-Dy = 108.2 50MA = 99.8
21MA = 99.5 Reports Monday May 8
sitting on its 20 day MA oversold. Sector looks good
------------------------------------------------------------

Interpretation of the Criteria Values and Abbreviations
in Market Gems Watch Lists


We will use PSFT in our examples:

2> PSFT - PEOPLESOFT INC .DSO
St21V= 9.6 Mc8dC= -16.0 %Hi4 = 85.3 Price= 16.8
%Rnge= 96.0 VL/30= 113.9 W9dB = 1.0 W9dV = 40.9

(St21V)..STOCH VAL 21/3 DY this means that the 21/3 day stochastic is way oversold at 9.6
Now this stochastic is measured starting at the 25% line.. meaning a stochastics of 25 would be exactly on the 25% line and 35 would be 10% above the line.. where does PSFT's 9.6 stochastic fall? Since 9.6 is obviously less that 25 you subtract 9.6 from 25 or roughly 14 which is very oversold.
This number means does not mean much on its own but since PSFT is on the list and it has had a Wilder Breakout (W9dB=1.0) that means the stochastics could be sloping upward (you need a chart to see).

Mc8dC - MACD HST 8/17/9 Day that stands for the MACD Histogram 8/17/9.. You should know this because its very popular. Here we are talking about the DAILY one and not the WEEKLY.. Okay the 8 and 17 are the exponential moving averages and the 9 is simply the 'signal' line which is the difference between the Short Range MA (8 days) and the Long Range MA (17 days) and the Moving Average of the difference which is 9 (signal line)..

Now don't get concerned about the computation all you need to know is that the number here PSFT has a -16.0.% That simply means that PSFT's MACD histogram is 16% below the zero line.. not too good..

%Hi4.. % HIGH VALUE 4-WK okay that is simple but important.. this shows that PSFT is 85% shy of its 4 week high, not a breakout but moving along. We'll skip the price and the next is very important the
%Range=96. This means that yesterday PSFT closed at 96th percentile of its intraday range on Wednesday. Its like getting a 96 on a test when 100 is the most, not at all bad.
VL/30.. 1/30-DY VOL RATIO simply put means that any number above 100 is the percent above the 30 day average volume for PSFT.. Since the number is 113.9.. it means PSFT's volume was 13.9% more than 30 day average for PSFT.. not great but okay.
W9dB=1 WILDER BRK 9-DY is important. It means that PSFT had a Wilder 9 day breakout yesterday the 1 is the indication it was 1 day away. a number of 3 means 3 days away and a negative number means a negative breakout happened.. To continue illustrating the Wilder 9 day breakout, stocks 1 through 4 have had Wilder 9 day breakouts on Wednesday.
In this example with NITE note the W9dB is equal to -2, this means that NITE actually had a NEGATIVE Wilder breakout 2 days ago..

.NITE - KNIGHT/TRIMARK GROUP INC CL A .INV
St21V= 75.4 Mc8dC= -65.0 %Hi4 = 88.9 Price= 52.5
%Rnge= 56.0 VL/30= 87.6 W9dB = -2.0 W9dV = 52.6

W9dV (Wilder 9 day value) for PSFT is only 40 and that's in safe territory because 30 is considered oversold and over 70 is considered overbought... So since we will have these abbreviations for a while you will now know exactly when they mean. Occasionally I will slip in another 'indicator' but will mention what it is exactly/log
50MA = 95.8 ( 33) 10MA = 91.0 ( 16)
1> SATH - SHOP AT HOME INC COM NEW .RMC
Price= 11.8 ( 57) VL/30= 58.2 ( 53) %Rnge= 14.0 ( 31)
Sto9V= 46.8 ( 40) W14dV= 47.4 ( 30) %Hi4 = 78.9 ( 12)
1-Dy = 90.3 ( 3) 50MA = 95.8 ( 33) 10MA = 91.0 ( 16)2> JDEC - EDWARDS J D & CO .DSO

2> JDEC - EDWARDS J D & CO .DSO
Price= 13.4 ( 61) VL/30= 355.1 ( 95) %Rnge= 80.0 ( 77)
Sto9V= 45.3 ( 39) W14dV= 52.1 ( 45) %Hi4 = 93.8 ( 45)
1-Dy = 109.6 ( 95) 50MA = 100.4 ( 47) 10MA = 98.4 ( 36)
* Added the 50 day 10 day moving averages today. Stocks are falling
and beginning to test their 50 day moving averages, and 10 day moving
averages for the internets. In one glance you can see from this "display"
if a stock is above its 10 day moving average or 50 day moving average
Lets take SATH below. Because 100 is the moving average value for
a stock ON its moving average.

Anything below 100 means the stock is trading below that average. For SATH it is trading both BELOW its 50 day (95.8) and its 10 day moving average (91). That is not that good, but there could be a reversal especially since SATH is
before an earnings report. Stocks 3,4 and 5 are in strong uptrends.They are trading above both their 10 day and 50 day Moving average JDEC is in a good positions as it just bounced off its 50 day MA ind is close to breaking through the 10 day as well. Volume is extreme (355)

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