Ultratech Stepper Message Board

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Technology Stocks : Ultratech Stepper

UTEK 30.23

0.0%

Jun 5 5:00 PM EST

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To: Andrew Vance who wrote (1488)	10/13/1997 11:13:00 PM
From: Investor2	of 3696

To All Who Understand Technical Analysis I'll start out by saying that I invest based on fundamental analysis and relative valuation - I'm not very familiar with TA. Can anyone give a TA on UTEK's price action over the last couple of months? quote.yahoo.com Since December 1995, the price has remained below $30. The $30 level was approached in early- to mid-1996 and again in early-1997. Finally, in September 1997, the price blew through the "$30 barier" by 15%, up to $34.50. Since then, the price has retraced some, but always stayed above the $30 price level. Are we building a new base to go to higher prices? Is TA just a lot of bunk? Any thoughts? Best wishes, I2

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