CCSC - Coherent Communications Message Board

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Technology Stocks : CCSC - Coherent Communications

CCSC 5.170

+0.4%

Apr 20 5:00 PM EST

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To: JakeStraw who wrote (205)	6/3/1997 5:03:00 PM
From: Todd D. Wiener	of 381

Good move today, up to 23.75. We are about to enter the first resistance area, from 24-26. The second area is around 28. Accumulation is apparent, news is good, and the advance is steady, unlike the previous times, when the stock jumped several points in a day. My guess is that CCSC can break through 25, and hopefully settle in a trading range between 25 and 28. Valuation suggests that CCSC is not ready to hold a price above $28. It would be nice to see it hold a narrow trading range, rather than bouncing between 28 and 15 constantly. Earnings to be released in July. Todd

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