IFMX - Investment Discussion Message Board

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Technology Stocks : IFMX - Investment Discussion

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To: John Solder who wrote (13819)	1/24/2000 11:53:00 AM
From: Philip W. Dunton, Jr	Read Replies (1) of 14631

These are John Murphy's (CNBC's technical analyst) comments on IFMX from his market comment last Thursday: <<INFORMIX BASING?A number of you asked about this stock on the Member's Forum this morning. My response was pretty bullish. The accompanying charts will show why. The daily chart shows the stock rallying toward its recent highs. (see Chart 5). Positive volume flows increases the odds that IFMX will eventually break through its 1999 highs. The weekly chart shows that a close above 14 would constitute a major bullish breakout from a three-year basing pattern. (see Chart 6). The vertical height of the base (10 points) would then yield an initial upside target to 24.>>

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