Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.90

-1.3%

3:53 PM EST

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To: Sector Investor who wrote ()	2/5/1998 9:53:00 PM
From: Jurgen	of 61433

Analysis of ASCEND COMM (ASND) as of 2/5/98 ASCEND COMM closed up 1.75 at 33.000. Volume was 98% above average (neutral) and Bollinger Bands were 24% narrower than normal. Open High Low Close Volume___ 32.250 33.500 32.000 33.000 13,489,000 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 29.83 27.21 37.89 Volatility: 54 85 83 Volume: 5,822,400 6,365,200 8,255,200 Summary ASCEND COMM gapped up today (bullish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist - Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance. ASCEND COMM is currently 12.9% below its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into ASND (mildly bullish). Our trend forecasting oscillators are currently bullish on ASND and have had this outlook for the last 20 periods.

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