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Technology Stocks : CMGI What is the latest news on this stock?

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To: Teresa Lo who wrote (9983)6/14/1999 6:10:00 PM
From: Teresa Lo  Read Replies (1) of 19700
 
Technical Update - CMGI

CMGI tested the first level of support at $75 today. It tried to bounce last week, but like the rest of the market, it found sellers at the 20-day exponential moving average overhead. At this point, if a bottom cannot be put in here at $75, then the full measurement of the broken triangle formation produces a target of $60.

For more information on classic chart patterns and their measurement formulae, please refer to Edwards and Magee's Technical Analysis of Stock Trends amazon.com or John Magee's Analyzing Bar Charts for Profit amazon.com

Charts have been posted to intelligentspeculator.com
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