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Technology Stocks : Silicon Valley Group
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To: Ram Seetharaman who wrote (2824)6/20/2000 5:47:00 PM
From: Philip W. Dunton, Jr  Read Replies (1) of 2946
 
Ram. Thanks for bringing the IBD chart and write up to my attention. The RS of 88 is impressive and the 77 for EPS will get better after the next quarterly report. I agree with their comment that SVGI has been in a consolidation pattern since early March. My sense is that we are close to a pop to the upside. I liked today's action because we didn't get the usual fade on the close. The 28 level continues to be a pesky resistance area even though the price is above the 200 and the 50 day moving averages. Good luck. Phil
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