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11/30/99 Southdown Inc
Points to watch: Southdown
has been in a steep downtrend since early May and has now fallen to an
important support level. Strong support exists from 45.31-45.88, a range
that provided support yesterday and on October 21st. This level also
acted as support on 3/16/99 and in September 1997. Daily MACD remains on
the sell signal given on July 23rd, and daily and weekly OBV, RSI, and
stochastics are all headed lower.
A sell short signal would be given on a
break below 45.31, with the stock then running into weak support at 43.5
and 42.13, and strong support at 37.13. Resistance is at 48.75 and
51.63.
