Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 199.63

-1.4%

Dec 18 3:59 PM EST

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To: Tim Luke who wrote (16790)	10/7/1997 11:26:00 PM
From: Ms. X	of 61433

Just wanted to drop a note on Ascend. The relative strength, how it has performed compared to the rest of the market has been in a downfall since March continuing its decline in September. Currently the monthly momentum is negative needing a cross of 54 to change to positive. The weekly momentum is also negative needing a cross of 40 to turn positive. One slight and I mean very slight, glimmer of hope is the daily momentum just turned positive at 31. A move to 39 would be the first buy signal but only for strong willed traders. A move to 29 would be the fourth consecutive sell signal. This stock is performing very weak in a sector that is performing quite strong. I would find others in this sector to put my money.

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