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Technology Stocks : Ascend Communications (ASND)
ASND 213.29-0.1%3:59 PM EST
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To: Bobo who wrote (8911)8/14/1997 2:23:00 PM
From: WBendus   of 61433
 
I am impressed with ASND's ability to hold up this afternoon, inspite of a 60 point downdraft in the market. This may indicate that there is limited downside risk near term. Obviously the bottom would be confirmed by a close above 50. It seems that we are getting good support from the lower bollinger band, which stands at 43.82 basis a 20 day ma. 20DMA is 50.15 and falling fast over the past few days.

Wayde.
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