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Telescan Launches Expanded Industry Group Analysis On Wall Street City Supersite.

Service Enables Users to Analyze Industry Groups Just Like Individual Stocks

HOUSTON, Oct. 12 /PRNewswire/ -- Telescan Inc. (Nasdaq: TSCN) today introduced expanded industry group analysis on its popular investor website, Wall Street City(R) (http://www.wallstreetcity.com), enabling investors to analyze industry groups with a variety of technical indicators, just as they would individual stocks.

"With the tendency of industry-related stocks to move together, there is usually a bull market in some industry group regardless of what the general market may be doing," said David Brown, Telescan chairman and chief executive officer. "Our new Industry Group Analysis gives investors the ability to find the industries which are performing well and the tools to identify the most promising individual stocks within the groups."

Telescan's proprietary industry group indexes, based on Standard & Poor's industry group indexes, include volume, insider trading, technical indicators and are both market capitalization weighted and unweighted. With this information, each industry can be analyzed just like an individual stock. Investors can select from a range of technical indicators such as Stocastics, Wilder or RSI and chart the results for a group.

The expanded service also enables investors to compare an individual stock's performance against the performance of its industry group over various times, ranging from one month to 25 years.

Additionally, two special features in the industry group analysis -- the Advance-Decline Line and the High-Low Index -- provide technical indicators designed to help forecast when a group is nearing a top or bottom of a cycle.

Brown said the Industry Group Analysis section is designed to be intuitive, making it even easier for investors to conduct their own research. For example, using Telescan's proprietary analysis, each industry group is constantly measured for over- or under-valuation and the result is shown in a simple graph.

Wall Street City has been cited as one of the top 10 investment websites by Barron's. It also was named by Lycos as one of its "Top 5%" Internet investment sites and received the top five-star overall rating by NetGuide in its Best of the Web review.

Wall Street City provides individual investors with the most comprehensive suite of search tools, technical analysis and financial data on the Internet. Wall Street City is now receiving more than 11.3 million page views a month.

Telescan, based in Houston, is an industry leader in providing solutions for online technology, data retrieval and Internet services. The company develops and operates major online networks and Internet sites serving the financial, publishing, entertainment and technology-transfer industries.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this news release that may be considered forward-looking statements could be subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected. These include uncertainties in the market, competition, legal, success of marketing efforts and other risks detailed from time to time in the company's SEC reports. The company assumes no obligation to update the information in this release.
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Publication:PR Newswire
Geographic Code:1USA
Date:Oct 12, 1998
Words:504
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