Despite last week's improvement in price (which has continued through yesterday, Monday, 7/19/99), the past 6 trading sessions' DVs have all been below PZN's ADV.
Yesterday's (7/19/99) IBD, whose A/D rating for PZN reflects its market activity through last Thursday, when it closed up 0.750 @ 10.8125 on its highest DV occuring last week (901,700 shares), is still showing an "E" (Strong Distribution) A/D rating for PZN.
Whether today's IBD , reflecting last Friday's A/D activity (+0.125 from Thursday's close on lower volume of 706,900 shares) shows any A/D ratings improvement, remains to be seen, shortly.
The Oracle at Delphi has indicated to the General, for some time now, that, technically speaking, PZN needs to break above 13.125 (on volume) to signal an improvement in its status.
The Oracle says that PZN could just as well head back down as it could continue higher.
It could well be that PZN has bottomed, but the Oracle is saying that the technicals aren't telling him that PZN is out of the woods, ....yet.