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Technology Stocks : Newport Corp.NEWP...lasers..semi..mfg...equipment..
NEWP 3.410-2.3%Jan 2 3:59 PM EST

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To: ET who wrote (63)7/23/1997 7:18:00 AM
From: Dave Burlingame   of 174
 
Greetings

I've been following NEWP since early June and never realized thia thread was here. I use Telechart 2000 for TA and have some observations that may be of interest. Newp is sitting on the lower range of its Raff Regression channel. The channel began around May 1 and is pretty well-formed. This indicates a good entry point. Also, its MACD crossed a few days ago giving another buy signal. Further, the Time segmented Volume (a trend and volitility indicator) has turned upward the past few days. I don't know much about the fundies, but technically this baby looks good up to about 15 (top of channel). Can anyone enlighten me as to earnings record, etc for the past quarter?
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