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Strategies & Market Trends : BARNES- B : AN AEROSPACE GIANT THAT HAS A LOT OF POTENTIAL
B 32.82-0.8%11:03 AM EDT

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To: Market Tracker who wrote (52)6/30/1997 7:42:00 PM
From: Market Tracker   of 87
 
Barnes Group achieved a new high today ..
In mid afternoon trading Barnes Group, Inc reached 29 7/8 today before settling back to close at 29 5/8, it's third consecutive closing high. The stock was favorably impacted by a strong broker buy recommendation on Amphenol (NYSE: APH) which was up 3 1/2. Barnes' performance has been exemplary of late rising almost 3 points in the past 7 trading days and I would be very surprised to NOT see some overhead resistance at 30. In the morning I will be reducing my holdings in Barnes by 50%, but will continue to hold the other half for the next 12-18 months.
Regards,
Gary
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