***Nearby resistance levels for various stocks- 8/29/97
with recent average daily volume
ALTS 7 5/8- 8 1/4 80,000 ***ESB
ANET 14 480,000
BOST 13 7/8 2,200,000
CATS 2 3/4 38,000
CADE 2 9/32 150,000 ***ESB <$5
EASI 20 18,000
IFCI 3 3/4 300,000
TLC 13 7/16 ***LSB
XCIT 21 5/8 270,000 ***ESB w/run
*ESB = early stage breakout
*LSB = late stage breakout
<$5 = stock price below $5.00, commissions & spread
can eliminate any profit
w/run = stock price jumped before breakout, therefore
amount of breakout and its duration are less
predictable
Distant Resistance
BEAS 25 430,000
BIOX 35 3/4? Breakout past 30 1/2 complete
HDS 6 3/8 44,000
IMAT 3 3/32 370,000
INTC 102 16,000,000
IOM 26 3/4? Breakout past 25 complete
MATK 16 3/8? 17 3/4 110,000
MFI 31 5/8 63,000
MRVC 33 3/4 270,000
QGLY 18 1/2 160,000
SPTR 21 76,000
UBS 11 15/16 85,000
UNSN 21 125,000
XYLN 23 3/8 840,000 |
