BackWeb Technologies Ltd (BWEB) Message Board

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Technology Stocks : BackWeb Technologies Ltd (BWEB)

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To: Michael Calderon who wrote (467)	12/22/1999 11:15:00 AM
From: brian z	Read Replies (1) of 584

BWEB showed indication of a possible new uptrend yesterday with a move 15 percent higher on 3.5 times average volume. As the stock tested support at the 50-day moving average line late last week, volume escalated and the momentum culminated with yesterday's breakout. In a showing of technical strength, BWEB broke above the 10, 21 and 30-day moving average lines to post a close in the top of its broad range on its heaviest upside volume since its Initial Offering. We have seen the bottom for BWEB last week and I am seeing a up trend now. Besides, the fundamental is great.

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