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Technology Stocks : USWeb (USWB)
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To: ayahuasca who wrote (1055)7/15/1999 10:52:00 PM
From: SJS  Read Replies (1) of 1188
 
USWB's 200 day moving average is about 26 1/16. It would be very good for it to push over this, and hold it. We've already crossed the 50 DMA at 24.5. That should have, and might continue to attract some buyers.

We'll probably move up to even more, pending earnings hype. Since everyone thinks 30 is this massive impenetratable wall, it will undoubtedly take some good volume and some short covering to take and hold that level.

What I don't like right now is that the high Bollinger Band value is 25 11/16. We'd have to surf up this band without going through it. Other than that, we're in pretty good shape to move up.

Any other folks have a TA insight they want to share?
Steve
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