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AmerisourceBergen Corporation Message Board

  • crashof98 crashof98 May 4, 1998 3:52 PM Flag

    It's Time to BUY !!!

    .TOP STOCK PICKS

    SHORT HWP, ran up over
    20% in the last four days, now showing signs of a
    top: bearish engulfing candlestick pattern, overbought
    stochastics
    w/ crossover, 15% divergence from 20, 50 & 200
    days moving averages, stock currently up $1 today
    which is the midpoint of the last black
    candle.
    Good reward/Low risk.

    LONGS
    IR Ingersoll
    Rand, hanging man candlestick pattern at $46 which
    followed a hammer pattern on Tuesday. The hanging man at
    $46 is a 50%
    retracement from an upward move from
    $37.50 to $54.00. The company posted strong earnings on
    April 22. Stochastics are oversold w/ a
    crossover,
    stock has diverged significantly from its 50 day moving
    average. Look for a retest of its high at $54 (unless the
    bubble bursts of
    course.)

    AAS Amerisource
    Health Corp., Bullish engulfing pattern at $54.25 which
    was the midpoint of a logn white candle on September
    12th, 1997
    and support at a hammer pattern on
    12/19/97. Stochastics are oversold and crossover has
    occurred. Stock has fallen from a high of $64 on
    March
    6th. Target $58 which is an approximately a 50%
    retracement. If the FTC drops the injunction on the merger
    with McKessen, this
    stock will skyrocket. This is
    a very safe long with all the technicals in good
    favor. Company posted GREAT earnings on April 28th
    with
    revenues increasing 28% !

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