|4/15/99 Longview Fibre (LFB)
Points to watch: The stock has been forming a bottom
since hitting its lows last Sepember and is now ready to break out to the upside.
LFB has moved above its 21 day (11.38), and 55 day (11.37) moving averages.
Yesterday the stock broke through its 200 day moving average for the first time
since October 1997. LFB also moved above resistance at 12.53 yesterday (the
38% retrace of its 5/98-9/98 decline). The stock closed at 13, a level which stopped
rally attempts last September and November. Long and short term technical indicators
are positive, with both wekly and daily MACD, OBV, RSI, and stochastics in uptrends.
A close above resistance at 13 would be a buy signal.