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Technology Stocks : Extreme Networks, Inc. (EXTR)
EXTR 17.62-0.2%11:51 AM EST

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To: RR who wrote (302)10/5/2000 8:01:03 PM
From: Jim Willie CB  Read Replies (1) of 770
 
EXTR is building a base at 100
30day MovAvg there, as well as prior August peak
not to mention the psychological element of 100's zeros

volume was considerably larger on up days
on tuesday and wedday, volume over 6 million each day
today's volume was less, at 4.6 million shares (below avg)

we might be setting up a momentum swing
on a closing basis, 120 to 100 to 140
target is 140

daily stochastic indicator is way low
it is dicking around at the eXtreme 20 level oversold
a couple decent closes, and we got a daily stochastic crossover

relative strength is midrange, nothing too soft really

weak hands have been pushed out
yellow bellies have departed
/ jim
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