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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST

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To: Carl Smith who wrote (7600)5/26/2000 1:47:00 PM
From: DJBEINO  Read Replies (1) of 9582
 
Alliance Semiconductor Poised for Higher Open
Stock of the Hour May 26 2000 8:15AM CST
by Blair G. Jeffery

Watch for shares of Alliance Semiconductor {ALSC} to move higher today. This semiconductor stock gapped higher to open Thursday's trading and continued higher despite a seller's market yesterday in technology stocks. Yesterday, the stock closed trading at 22-1/16 on volume of 1.8 million shares traded. Yesterday's volume was more than 110 percent higher than the stock's average thirty-day volume and shows formidable underlying strength for ALSC.

The stock, which appeared in the pre-open ProSearch run of One Week Movers, appears ready to move higher today as the broader markets look to open stronger today. Alliance faces technical resistance at both 25 and 27, so keep a watchful eye on these resistance points.

In the short term, watch for technical traders to continue bidding up shares of ALSC.

wallstreetcity.com
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