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Non-Tech : Trading IOMEGA based on technical analysis
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To: Jim York who wrote (1232)11/17/1997 3:53:00 PM
From: E. Graphs  Read Replies (1) of 1511
 
Jim,

That's a tough question. We are breaking out above some pretty solid resistance at 30, which should then become our support. So, if the stock closes above, and holds for three days........the 20's are probably history.

........except for that 3/4 gap left at the open this morning.........

Wish I could tell you more than that, but I really don't have a clue where this will go. That's why I added more last week even though it seemed high at the time (28+-), and reserved some cash for the possibility of a pull towards 26+-.

Good Luck,
E
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