Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 12.44

-8.4%

Jan 30 9:30 AM EST

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To: Wayne Umfleet who wrote (729)	11/28/1996 1:44:00 AM
From: Art Ebbands	of 3256

Technicals on AXC are actually excellent. Very strong support at 8 1/2 - 8 3/4. On balance volume is better now than at previous peak when stock hit 15. Balance of power is excellent. AXC moved above both 50 and 200 day moving average @ 8. Although unlikely, if AXC should drop below 200 day MA, then it probably goes back to 6 1/2. AXC has based nicely, broken out above previous strong resistance at 8 1/4 and looks primed to establish a long term uptrend pattern. AE

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