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Technology Stocks : Ascend Communications (ASND)
ASND 207.04+0.7%Dec 8 3:59 PM EST
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To: Ms. X who wrote (20326)11/1/1997 1:53:00 AM
From: N4ZQ   of 61433
 
asnd established a new 52 week low today at 26 and there is no good reason to believe that there is support here at this level. With 50dayma around 36 and 200dayma over 47, this puppy looks quite sick.
Actually, the picture looks a lot like MU a year or so ago. It had broken down from the 90's to mid 20's and noone believed it possible MU could drop further to 16 but it did.
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