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Old 11-20-2004, 05:19 AM
joint chiefs of staff joint chiefs of staff is offline
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Join Date: Sep 2004
Posts: 265
Default Sears Kmart Merger

It looks like Kmart has already fallen back down.
I expect sears to do the same.
Any thoughts?
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Old 11-24-2004, 06:57 AM
bazanster2 bazanster2 is offline
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Join Date: Jul 2001
Posts: 7,909
Default RE:Sears Kmart Merger

joint chiefs of staff,

This stock has had some large volume spikes during this run.
46,347,000 on the Nov 17th followed by 20,705,000 the next day.
It's daily volume average is between 2 and 5 million shares.
The stock has appreciated 78.6% the last 17 trading days.
There is still a wide divergence between the fast and slow lines
on the MACD. Also it has a sharp upward slant. The MACD Histogram
still has good volume. Stochastic indicates the Market is Overbought.
Would set a stop loss at 49.74 and follow it upward with a trailing
stop loss of a few dollars.
Look for any breaches of the 10,15 and 20 day moving averages.
That would indicate some loss of momentum.
Up 2.4% today, but on -100.0% less than average volume.
Inless the Market shows a good volume, would look for lower levels.

thanks for visiting Stock Talk, weve place this stock on our Watch List
at www.clearstation.com

thanks and good luck,


baz



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