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Strategies & Market Trends : Angels of Alchemy

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To: hoffy who wrote (3146)6/21/2000 10:05:00 PM
From: puborectalis  Read Replies (3) of 24256
 
From Yahoo Thread........"Play of the Day - Long

Agile Software - AGIL $61.81 +4.56 (+4.62)

(see profile for more details)

Comments: 06/21/00

AGIL had a very strong day on Wednesday closing just shy of the intraday high. The stock was initiated today by SouthWest
Securities with a "buy" recommendation and an $86 12-month price target. The news helped push the stock through resistance
at the 200-dma of $68.81, an area AGIL had tried to break for over a week. Volume was heavier and the stock doesn't have
much in the way of resistance all the way until $70. On profit taking, look for a bounce off the 200-dma as buyable.

A break through Wednesday's high of $62.44 could also be a good entry point."
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