Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 221.33

-1.3%

3:59 PM EST

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To: Michael Perez who wrote (6376)	7/9/1997 11:47:00 PM
From: WBendus	of 61433

Technically speaking, ASND is a screaming buy here. Here are my notes: 1) ADX is in an uptrend and is confirming the run up of ASND 2) D+/d- > 1 on 7/2 with volume up 58% and 167% over 50 avg of daily volume. This was confimation of my buy signal gernerated by MACD 3) MACD(12,26,9) cross on 7/1 with volume up 162% and 75% over averge 4) MACD fast line > 0 on 65% increase in volume today. This is my final confirmation and has me feeling real good about the stock. 5) ADI (accumulaiton distribution) is very strong. 6) MF (money flow) is bullish and confirms the divergence which started on 6/16 7) There is strong support at 38 to 40 level 8) My famous pipe formaiton today, with nearly identicle lows today and yesterday with a strong close on big volume. (very bullish short term) A close over 51 1/4 by friday will signal a move further to my 55 short term target. Weekly charts will soon confirm the daily triggers. Fundamentally speaking. The news flow for the industry seems to be very positive and there seems to be a tide turning in the analyst's opinions on networking stocks. There has been numerous upgrades in the networking industry and these analysts are like dominoes, one analyst recomendation seems to trigger others. I especially like Merrill Lynch's support for the sector and the stock. I suspect that the summer end will blaze with a 15%+ rally in the NWX, SOX, XCI and MSH indexes. All ASND has to do is post a number at the expected value for earnings and it should fuel the fire. In line numbers in the tech arena will be rewarded favorably. As of July 8, the number for the current quarter is expected to be .36 cents. This number has fluctuated around 36 to 39 cents over the past 2 1/2 months. I personally would like to see a number around 38 to 39 cents to put the icing on the cake. Wayde. You have to be in to win! I have similar views on COMS and MRVC

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