CCSC - Coherent Communications Message Board

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Technology Stocks : CCSC - Coherent Communications

CCSC 5.170

+0.4%

Apr 20 5:00 PM EST

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To: Tuan Phan who wrote (269)	9/25/1997 9:08:00 PM
From: Todd D. Wiener	of 381

It looks as if CCSC may be on the verge of finally breaking out of its long-term trading range, assuming it can close above $28. The chart seems to suggest a decreased amount of selling interest, combined with an influx of institutional buying. CCSC's institutional ownership % has some upside potential. I'm going to bet that CCSC will reach $29 soon, followed by a temporary retreat to $26, before confirming its long-term breakout and moving above $30. The stock traded higher today than at any time in the previous 15 months. I believe it closed at the highest level in nearly as long. When stocks break out of long-term trading ranges, they tend to move upward significantly for quite a while. CCSC should report Q3 results on 10/14, estimates call for .23. Todd

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