Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.66

+0.5%

10:51 AM EST

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To: Thomas M. who wrote (3207)	5/28/1997 6:51:00 PM
From: Glenn D. Rudolph	of 61433

Is anybody trading ASND? We had a strong leg up from mid-April to early May, followed by a bull flag (consolidation), and now the second leg up. I project up to 64 or 70, depending on whether you consider the breakout to be at 47 or 53, respectively. I lean toward 70, as today "felt" more like a breakout than last week. However, 60 was major support on the weekly chart in OCT and JAN before giving way in MAR, and this could provide resistance. Tom, Is it possible today was a short squeeze? Just a thought. Glenn

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