Internap Network Services Corporation Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Internap Network Services Corporation

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jibacoa who wrote (744)	4/19/2004 7:03:22 PM
From: Hawkmoon	of 1011

Well, so far the news today have not been of much help.<g> Actually, I think it did.. It helped the stock maintain support at the 200 DMA, rather than penetrating down to the 1.50 level for a retrace on the lower Bollinger Band arm: bigcharts.marketwatch.com And the weekly uptrend indicators remain intact for a potential move up to $3/share: bigcharts.marketwatch.com And as you note, the fundamentals seem to indicate that the company continues to expand the foundation of its business. But the next couple of days will indicate whether the stock will challenge those resistance levels you pointed out. We may see a drop to $1.50, and if it occurs on heavy volume and a price reversal towards the end of the day, that should help set the tone for later this week and throughout the next. Hawk

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next