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Technology Stocks : GST Telecom. Unfollowed and Unloved?
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To: David Lawrenz who wrote (33)6/28/1996 3:42:00 PM
From: Olu Emuleomo   of 47
 
David,

GST just crossed its 50day moving avg (12 3/4) on the downside.
It is approaching its 30 week MA (10 5/8).
The behaviour of GST is crucial here.
If it makes a new high (16 +) without touching its 30 week MA,
that is VERY BULLISH! I will then believe the $30 target price.
This also applies if it bounces off its 30 week MA.
If it penetrates this 30 week MA on volume (300K +), that is BAD NEWS...

--Olu E.
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