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Technology Stocks : YURI ( YURI SYSTEM )

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To: mattie who wrote (133)10/31/1997 6:04:00 PM
From: Ms. X  Read Replies (1) of 1181
 
I can't help you with the fundamentals, but I can give you a Point and Figure looksie at the stock.
Considering the breakdown and reversal of the tech stocks, Yuri has done well holding its bullish support line (line of support). With the move today to 30 Yuri is right at support levels. A move to 29 would break this support and a move to 28 would be the next sell signal. If you are a trader I would take the signal at 28 but if long allow a move to 23. A reversal up from here (30) to 36 would break a double top and would be considered bullish. I like Yuri myself. I bought at 27 and sold at 33. I'm looking to buy back in at the 25-27 level. The tech sector doesn't look as if it is done with its distribution.
By the way, Lucent has held up very well.
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