RESISTANCE LEVELS- Ceilings & breakouts <30 min old Message Board

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Strategies & Market Trends : RESISTANCE LEVELS- Ceilings & breakouts <30 min old

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To: WHL who wrote (54)	8/30/1997 11:53:00 AM
From: Steven Bowen	of 621

Willaim, I think WinStar Communications (WCII) will be a good one for you to watch. It has bounced down off of 19 hard three times in the past couple months. I think it should bounce up equally as hard if it can break 19. Short term target would probably be 24ish, and longer term or with news, much higher. This is a very strong story stock with a ton of potential down the road. Average daily volume when not in play approx 300,000. Daily volume when in play can be between 1 to 2 million. Watch for a break thru 19 on volume of around 1.5M. Other than that it's a good trade between strong support at 16 1/2 and the strong resistance at 19. Good Luck, Steve

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