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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Joe Stocks who started this subject	3/19/2002 7:56:21 AM
From: Joe Stocks	Read Replies (1) of 787

CPN- DBAB sees Calpine up at $15, maybe $18 (CPN) By Tomi Kilgore Deutsche Banc Alex. Brown's technical analysts recommend buying Calpine (CPN) for a possible move to $15, and potentially $18. The firm said the recent move higher is a "bullish sign" for a resumption of the uptrend that began in March. The stock surged $1.87, or 16 percent, on Monday to close at $13.37. Support is seen at $12 and around $9.50. "While the stock is overbought it is not yet at extremes yet which we believe suggests potential for the stock to rally towards resistance around $15 and potentially $18," DBAB said in a note to clients.

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