Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 10.91

-4.6%

Dec 12 9:30 AM EST

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To: jonggua who wrote (2311)	3/15/1997 10:51:00 AM
From: Paul J. Sharga	of 3256

James, the technical indicators I use are showing more negative signs than positive right now. Heck, the stock can't even make a close above its 10-day Moving Average. It is also following the bottom of its trading channel on this slide. On the encouraging side, as little as it may be, AXC is near some longer term support in the 6-6.25 range, but if it breaks through here, we are looking at the July lows of 96 for help. So often, stocks without news go through this type of price action. As always... Good Hunting Paul

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