EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: JDN who wrote (8527)	12/28/1999 4:48:00 PM
From: jad	of 17183

JDN, WSC agrees with you: EMC Tapers After Breaking Through Resistance Following yesterday's upward move to a new record high, shares of EMC Corporation {EMC} have pulled back on significantly lighter volume - a technical indication that investors expect the stock to trend even higher over the short-term. EMC is trading at $103 11/16 and appeared in the 3:30 p.m. EST ProSearch run of Strong Short & Long Term Growth & Tech Ranks. The difference in the trading volume is very evident in the 30-day volume ratios, the 1/30-day volume ratio is 42.1 while the 2/30 day volume ratio is 70.8. These ratios compare the recent trading activity to the 30-day average. The fact that volume was stronger on a day when the stock set a new a record high of $105 9/16 is not surprising given EMC's accumulation distribution ratio of 70.0. Since buyers appear to remain in control of the stock, investors may want to monitor EMC for continued price gains over the short-term. WSCity

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