Novell (NOVL) dirt cheap, good buy? Message Board

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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: Frederick Smart who wrote (20799)	3/6/1998 6:27:00 PM
From: Matthew Leo	Read Replies (1) of 42771

It would seem all the technicians here are bulls - so I'll comment. Novl is quite overbought. The run up we've seen the past 5 weeks is like many we've seen here in the past - a quick move up that can not be sustained. This is a trading stock if ever there was one. Stochastics is about to indicate a reversal, RSI top, it's grossly ahead of both it's trading channel and moving averages. If more proof is needed, examine todays trading action as it turned red and headed down in a sea of high tech green. regards

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