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Strategies & Market Trends : RESISTANCE LEVELS- Ceilings & breakouts <30 min old

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To: Roger Schelling who wrote (85)9/1/1997 7:40:00 AM
From: WHL   of 621
 
Roger: CBNH R @ 40 1/4 ADV 8,000 *???

Resistance at 40 1/4 was broken on Friday on 34,700 shares. The stock broke through resistance at about 11:30 on a 4,000 share block and then a 14,000 share block. It had a few spotty trades up to 43 1/4 and then traded back down to 41 5/8. Too little volume to know if that's it or if another bounce up can be expected.
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