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  Fast MACD up into Positive territory
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ocbeta  
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 More options Apr 5 2006, 1:46 am
From: "ocbeta" <ocb...@gmail.com>
Date: Wed, 05 Apr 2006 05:46:39 -0000
Local: Wed, Apr 5 2006 1:46 am
Subject: Fast MACD up into Positive territory
Fast MACD (Moving Average Convergence Divergence) moved to positive
territory, therefore it seeps that AU could be a strong momentum play
here as well.

Fast MACD crossed over the Slow MACD on 3-17-2006 with the stock
closing at 50.16, or down -$.14 on the day. Now the stock closed at
54.29, with a +$3.37 increase on higher than normal volume.

Also, Money Flow Indicator has increased from 35 on 3-17-2006 to 68 on
04-04-2006. This is a great indicator that the stock is under
accumulation. RSI is a moderate 58, indicating a bit of headroom for
some strength in the stock.

Evaluate your risk tolerance and move accordingly.

Historically looking, on 11-17-2005 AU looked to be in a similar
position. Fast MACD moved above the center line, with MFI at a 64, and
RSI at 62. It had just finished testing the 50 week MA line. Since
then, the stock has ran up a cool $20. or 50%

Hold onto your seats, as this run should be longer and more profitable.
Since the entire metal producers industry is moving highter as well.

Justin


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