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Strategies & Market Trends : APMP (formerly APM)

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To: tom pope who wrote (9112)	12/4/1997 3:21:00 AM
From: Rudy	Read Replies (3) of 13456

Tom, regarding EDS: EDS - 40-1/2: Long term trend is up. It has jsut broke (within this week) a few major resistance levels. Broke over 30WK MA at 39.031, broke 200 DMA at 39.543 and also broke chart resistance at 39-5/8 after forming an ascending triangle. Looks like it will easily fill the gap to 43-1/8 (every gap gets filled sooner or later, weeell mostly :-)). All these are bullish. The only concern is that the volume is not supporting all this evidence. It is just average. I cannot see any major accumulation yet the action is strong. I usually like to see volume confirmation. As to next resistance level, 45 is close and strong resistance to break. Stock may take a break after filling gap unless volume picks up by then. Good luck.

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