MASTERING
THE TRADE
ORIGINAL, INTERACTIVE
SEMINAR ON TRADING USING
TECHNICAL ANALYSIS
EARNINGS
ESTIMATES
U.S.
QUOTES
U.S.
CHARTS
TECHNICAL
OPINION
CANADIAN
CHARTS
SEC FILINGS
BROKER
RESEARCH
2/5/99 Catalytica Inc (CTAL)
Points to watch: CTAL has entered a
downtrend. The stock has fallen below its 21 week moving average (16.27) and 55 week
moving average (15.09). Weekly RSI and stochastics have given sell signals.
Weekly and daily OBV and MACD are in downtrends. The stock closed Thursday at
the 50% retracement level (13.75). Additional downside support exists just beneath the
stock at 13.6 (the 62% retracement of the September-November rally). Sell, or short,
on a break below the 13.6 support level.
