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Technology Stocks : Stock Swap

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To: Andrew Vance who wrote (9379)	11/3/1997 5:03:00 PM
From: Trader X	Read Replies (1) of 17305

Portrait of a stock breaking out, not down. CREE: quote.yahoo.com unlike most of the stocks in tech sector, CREE has not had any correction, pullback, readjustment, etc... since last year. it spent a year basing in the 10 to $15 range, completed an uptrend triangle pattern by breaking above $20 resistence, pulled back to that point recently and is propelling off that $20 support toward $30 & beyond. Each of these technical events were very predictable, and that's what I like about this stock. It's very well behaved. Support is at 24-25. Resistence at $30 based on it's all-time high price. quote.yahoo.com Momentum is accellerating. Andrew, the best of luck to you in your new endevor. &copyLastChanceForGas

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