Looksmart Limited (LKST)

[Mel7]

LOOK Instant analyst below:
Breaking resistance at $1.99 on heavy volume.

LookSmart LTD (LOOK - NASDAQ) 03/03/2004 Instant Analyst Software ™ Real-time Data
BID ASK CHANGE
2.000 2.010 +0.188
LAST PRICE VOLUME DAILY RANGE
2.008 15720100 1.830 - 2.100
CHART VIEW 52 WK RANGE
1-mo 3-mo 6-mo 1-year 1.170 - 4.800
TECHNICAL OPINION
DAILY SHORT-TERM LONG-TERM
BUY OUTPERFORM HOLD
SUPPORT RESISTANCE
1.990 2.320


TECHNICAL OPINION - LookSmart LTD (LOOK) - 03/03/2004


Daily Opinion: BUY
Wednesday's Bullish (up) move is accompanied by increasing volume (297% of average), suggesting a continuation higher on the next bar.

Short-Term Opinion: OUTPERFORM
On a short-term technical basis, the trend is Bullish (up) and the stock is above its 50-day moving average at 1.73 which also confirms its Bullish (up) trend. The stock is neutral according to the Stochastic indicator (61.61).

Long Term Opinion: HOLD
On a long-term technical basis, the stock (LOOK) is trading below its 200-day moving average which implies it is in a negative trend.

The stock has support at 1.99 and 1.73. If the stock breaks down through support at 1.99 then it will probably continue lower to 1.73. The stock has resistance at 2.32 and at 4.81. If the stock breaks up through resistance at 2.32 then it will probably continue higher to 4.81. The 200-day moving average is at 2.40. This will also act as resistance. The stock has broken out of its long-term downtrend and is looking more positive recently. If the stock can form new support above 1.99 look for a rally to previous highs. The stock is neutral according to the Stochastic Indicator (41.45).



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