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Technology Stocks : Newbridge Networks
NN 15.70+5.2%Jan 16 9:30 AM EST
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To: Tunica Albuginea who wrote (2297)10/24/1997 1:13:00 PM
From: Jeffrey L. Henken  Read Replies (1) of 18016
 
I have given up on predicting stock price movements or good entry points. Long term I love this stock. I will try to post Market Edges opinion on the technical situation below:

Second Opinion - NN
10/24/97

Symbol: NN
Name: NEWBRIDGE NETWORKS C
Exchange: NYSE
PRICE
ANALYSIS
Close
57.00
Open
57.31
High
58.88
Low
56.25
Change
-2.25
YrHigh
69.38
YrLow
26.50
Mo Chg (%)
-7.1
Resistance
N/A
Support
50.13
SELL STOP
59.00
Volatility (%)
3
Position
6
ADXR
33

OPINION
C-Rate
0.0
LONG
05/07/97
34.38

VOLUME ANALYSIS
Volume
15405
Ave Vol
7683
Mo Chg (%)
-8.9
*
U/D 1.2 Slope
UP
Obv
BL
Pos Obv
BR
*
Neg Obv
BR
*
MFI 31 Slope
DOWN

TECHNICAL ANALYSIS
Alpha
0.18
Beta
1.06
MACD-ST
BR
*
MACD-LT
BR
*
50-Day R.S.
1.26
10-Day M.A.
DOWN
92
21-Day M.A.
DOWN
91
50-Day M.A.
UP
101
200-Day M.A.
UP
136
STO(Slow %K)
10
STO(Fast %K)
13
Wilders-RSI
27
OBOS
4
Bollinger Bands
18
RSV
85
POWER RATING
72

SCORE = -2

COMMENT
Moving Average Convergence/Devergence (MACD) indicates a BEARISH TREND
Chart pattern indicates a POSSIBLE TREND REVERSAL
Relative Strength is BULLISH
Up/Down volume pattern indicates that the stock is under ACCUMULATION
The 50 day MOVING AVERAGE is rising which is BULLISH
The 200 day MOVING AVERAGE is rising which is BULLISH
LOOK FOR SUPPORT AT 50.13
Stochastics indicate stock is OVERSOLD

RECOMMENDATION

STOCK SHOWS MILDLY DETERIORATING CONDITIONS SCORE = -2
IF YOU ARE LONG HOLD CURRENT POSITION; DO NOT INITIATE NEW POSITION
STOCK IS NOT A SHORT SALE CANDIDATE

MarketEdge & Second Opinion are neither offers to sell nor solictations of offers to buy any security.
See User Agreement for other disclaimers.
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