Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Dave Gore who wrote (34747)	2/28/2002 11:29:44 AM
From: Sully-	Read Replies (1) of 99280

11:22 ET Emulex Intraday (EMLX) 31.50 -2.02: -- Technical -- Stock has been creamed over the last two days, dropping as much as 18% from high to low. Slide today, which has come amid heavy volume, has halted near support at its 200 day simple ma (30.6) with some interest developing on the buy side. Initial resistance is near 32 but sustained follow through beyond 32.40 is needed to help improve the very short term tone. First support is at 31.17 with a break arguing for fresh session lows. Next support is at an important chart barrier near 30.

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