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Technology Stocks : Cornerstone Imaging (CRNR)
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To: Sean T. Kim who wrote (319)7/26/1997 5:15:00 PM
From: HeyRainier   of 430
 
Friday's close at 6 1/4 is technically a breakout from the ceiling of the ascending triangle(the ceiling was at 6 1/8). After-market buying(just the opposite of Thursday) pushed this up from the bid price to close at 6 1/4. The absence of strong volume from the day before is a question mark, but the end-result for the chart is still enouraging.

I recently found a breakout that almost mirrors CRNR's ascending triangle. Take a look at Circus Circus(CIR). When I switched back and forth from one chart to the other, it created something almost like a "before and after" sequence(CRNR being the "before" picture, and CIR being the "after" picture). Definitely intriguing, so I will keep a close eye on this stock next week.

Regards,

Rainier
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